Bybit is introducing an Option Strategies function for its App. You can perform various long and short trading strategies through simple operations on your Bybit App, and easily invest in bull and bear markets. 

 

Here’s a step-by-step guide to building your strategies with Options Strategies on Bybit.

 

 

• Choose Your Strategy
• Create Your Strategy
• View Your Strategy
• Close Your Strategy

 

 

Click on Derivatives at the bottom of the page, then choose Option. On the Option page, click on the light bulb icon to enter the Options Strategies page.

 

 

For first-time users, click on Next to view the novice guidance process, including Choose Strategy, Choose Strategy Mode, Manage Strategy and View Order Details.

 

 

 

 

Choose Your Strategy

On the Options Strategies page, you can view the corresponding information by selecting different sections as follows:

 

• Active Strategy: View and manage active options strategies
• Strategy History: View your historical options strategy records
• Strategy Guide: View detailed information on all supported strategies, including an introduction to applicable scenarios for each strategy, a profit and loss graph for each strategy, and the profit and loss when the strategy expires at different underlying prices.

 

 

Tip: You can view the details on each strategy card, including strategy introduction, total investment and total number of investors.

 

Currently, there are four strategies for users to choose from, namely Bull Call Spread, Bull Put Spread, Bear Call Spread and Bear Put Spread. Details are as follows:

 

 

 

 

 

 

 

 

 

Create Your Strategy

The execution of the strategy depends on whether there is enough liquidity (bids and offers) in the market. Note that under extreme market conditions, lack of liquidity may cause strategy creation to fail.

 

You can create your options strategy in two ways:

 

a. Default Mode

Default Mode is suitable for beginners in options trading.

 

In Default Mode, the system will automatically help you set the coin, the strike price and expiration date. You can view the profit and loss graph, maximum profit, and margin required for the generated strategy on the Create Strategy page.

 

The strike price will be set based on market conditions. Note that the strike price cannot be modified.

 

 

 

 

b. Pro Mode

Pro Mode is suitable for investors with experience in options trading. On the Create Strategy page, default strategy parameters are provided. You can edit the following parameters as needed:

 

1. Coin: Select the underlying asset of the options

2. Strategy: Select your preferred options strategy

3. Exp. Date: Set the date your options contract expires

4. Strike: Set strike prices for two options

5. Size: Enter the quantity to buy or sell

 

After confirming that your strategy creation information is correct, click on Create Strategy. Your options strategy will be executed as market orders.

 

 

You can view the profit and loss graph, maximum profit, and margin required for the generated strategy on the Create Strategy page.

 

Notes: 

— To transfer funds into your USDC Derivatives Account, please click on Transfer.

— Under Portfolio Margin Mode, your margin can not be calculated before you submit your order. 

 

 

 

 

 

 

 

 

View Your Strategy

You can view your current strategy details under Active Strategy, including Realized Cash Flow, Unrealized P&L for all active strategies, and information on each strategy. To learn more about your strategy, click on Details on the bottom left of the page.

 

 

 

 

 

 

 

 

 

Close Your Strategy

Please head to the Active Strategy page, and click on Close By. Please make sure all information is correct, then click on Confirm. 

 

Your options strategy will be closed with a market order. Note that under extreme market conditions, illiquidity in the market may cause closing strategies to fail.

 

 

Closed options strategies can be viewed under Strategy History. Locate the strategies you wish to view by setting coin and/or time filters.

 

 

You can view historical strategy details, including realized P&L for all historical strategies, under Strategy History. To learn more about your historical strategy, please click on Details.