Options

Options trading on Vanna is designed to provide a seamless and powerful user experience that combines the sophistication of decentralized finance (DeFi) with the ease of use typically seen in centralized exchanges (CEXes). By integrating leading options protocols like Lyra (Derive), Premia, and Aevo, Vanna offers users an expansive range of options markets directly from their margin accounts.

Key Features of Options Trading on Vanna:

1. Seamless Integration with Leading Options Protocols:

• Vanna integrates with decentralized options markets like Lyra (Derive), Premia, and Aevo, offering users a variety of markets to choose from. This ensures that traders can always access the best liquidity, prices, and trading opportunities on multiple chains, all from one platform.

2. Multi-Leg Options Orders:

• Traders can create advanced options strategies by combining multiple calls and puts into a single order. Whether it’s a straddle, strangle, iron condor, or butterfly spread, Vanna makes it easy to build complex options strategies that cater to diverse market conditions.

3. Payoff Graph Visualization:

• One standout feature on Vanna’s options trading platform is the payoff graph, located on the bottom right of the interface. This visual representation helps traders assess the potential profit or loss of their selected options positions at different strike prices. The green areas show potential profits, while the red areas show potential losses. This allows traders to understand their risk and reward profile clearly before executing any trade, something that significantly enhances decision-making compared to traditional CEX options platforms.

4. Delta, Gamma, Vega, and Theta Metrics:

• In addition to the standard bid/ask data, Vanna also provides real-time Greeks metrics such as delta, gamma, vega, and theta. These metrics are crucial for options traders to gauge how their positions will perform based on factors like price movement (delta), volatility (vega), and time decay (theta). This detailed analytics suite is more comprehensive than what most centralized platforms offer, empowering traders with critical data for more informed decisions.

5. Custom Expiry and Strike Prices:

• Users have the flexibility to select from a wide range of expiry dates and strike prices for their options trades. The platform allows traders to choose specific expiration dates and strike prices that align with their market outlook, providing more control over their options trading strategies.

6. Comprehensive P/L Tracking:

• Traders can monitor their open positions and track their profit and loss (P/L) in real-time. This allows users to stay informed of their portfolio performance and make timely adjustments as market conditions evolve.

7. User-Friendly Interface:

• Vanna’s options interface is designed to make complex strategies simple. The intuitive layout displays all the necessary metrics and data clearly, ensuring that both beginners and experienced traders can easily navigate the platform and execute their strategies without hassle.

Benefits of Trading Options on Vanna:

• Sophisticated yet Simple: Vanna combines the best of both worlds—offering sophisticated options trading tools that are easy to use, even for traders who may be new to options.

• Advanced Visualization Tools: The payoff graph and real-time Greeks provide traders with powerful tools to visualize and optimize their trades, something that most DEXs and CEXs don’t offer together.

• Custom Strategies: With multi-leg orders and comprehensive options strategies, traders can build personalized strategies for any market condition.

• Decentralized Liquidity: By integrating with leading decentralized options markets like Lyra, Premia, and Aevo, Vanna ensures deep liquidity and competitive pricing for options trades.