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Welcome to the last on-chain exercise of the series, this quest will guide you through opening long call and put positions, providing you with the tools to speculate on or hedge against future price movements of underlying assets on Thetanuts Finance. Ready to round off your journey with a bang? ๐ฅ
โ ++Long Call/Put Positions Explained:++
Long call and put options give traders the right to buy or sell an asset at a predetermined strike price before the option's expiration. It's a strategy used for speculation or hedging:
-++Long Call++: Bet on the asset's price to rise ๐
-++Long Put++: Hedge against or anticipate a decline in the asset's price ๐
CLICK HERE to dive deeper into the mechanisms of how a synthetic LONG option position is created .
๐น๏ธ ++Execution Steps- Opening Long Positions++ ๐น๏ธ
๐ ++Whatโs Next?++
Kudos on completing our on-chain exercise series! Youโve expanded your trading toolkit and explored the cutting-edge of DeFi Option products. Stay engaged with us on Twitter and Discord for the next steps ๐
Daily Tasks: Get 15 Points
Thetanuts Finance Long Call OR Long Put