[ANN] Sparrow | Leading options trading platform powered by smart contracts - page 5.

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

“We are proud to have passed CertiK’s rigorous formal verification audit. With customer protection as our top priority, Sparrow is committed to keeping our platform safe, secure and compliant to global standards.”

- Kenneth Yeo, CEO of Sparrow

Click here for article.

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Did you know that we offer versatile options trading tools for both beginners and professionals?

Learn more by clicking HERE

Sparrow Exchange

copper member

Activity: 39

Merit: 0

Quote from: iHaveDreams on August 09, 2019, 08:50:59 AM

Quote from: vennali on August 06, 2019, 07:25:31 AM

Quote from: kissubaby on August 02, 2019, 10:06:42 PM

Quote from: vennali on August 02, 2019, 06:09:45 AM

Check out our latest Sparrow Digest to know what have we been upto in the busy and fruitful 2 months since our official launch.
https://medium.com/sparrowexchange/sparrow-digest-7-f13fac185a8

Great! A lot of updates!
The Platform UI/UX has been an awesome experience!

We appreciate your feedback. Do check out the contest that we are running currently.

Started on 5th August(GMT+8) and upto 16th August, 6pm (GMT+8), be the top 50 traders (by total trading volume) and stand a chance to win SPO.

🏆Top 1–5: Share 100,000 SPO
🏆Top 6–20: Share 100,000 SPO
🏆Top 21–50: Share 100,000 SPO.

You can find more about it by clicking HERE

it is very difficult to win this because many rivals have lots of money to trade, I am only a small investor, but I will try it, hopefully this will be my advantage

Hi IHaveDreams!

Thanks for your support and interest! Not to worry, even if you did not manage to be in the top 50, we have a sure-win bonus for anyone who trade at least 1 ETH worth of options!

That is quite easy to hit - you can make a sell call/put for ETH, by pledging 1 ETH for a week, get an instant premium and your ETH back by setting a strike price far behind which ensures your trade does not get exercised Wink

If you need help, feel free to chat with us on telegram! https://t.me/SparrowExchange

iHaveDreams

full member

Activity: 536

Merit: 100

Quote from: vennali on August 06, 2019, 07:25:31 AM

Quote from: kissubaby on August 02, 2019, 10:06:42 PM

Quote from: vennali on August 02, 2019, 06:09:45 AM

Check out our latest Sparrow Digest to know what have we been upto in the busy and fruitful 2 months since our official launch.
https://medium.com/sparrowexchange/sparrow-digest-7-f13fac185a8

Great! A lot of updates!
The Platform UI/UX has been an awesome experience!

We appreciate your feedback. Do check out the contest that we are running currently.

Started on 5th August(GMT+8) and upto 16th August, 6pm (GMT+8), be the top 50 traders (by total trading volume) and stand a chance to win SPO.

🏆Top 1–5: Share 100,000 SPO
🏆Top 6–20: Share 100,000 SPO
🏆Top 21–50: Share 100,000 SPO.

You can find more about it by clicking HERE

it is very difficult to win this because many rivals have lots of money to trade, I am only a small investor, but I will try it, hopefully this will be my advantage

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Quote from: kissubaby on August 02, 2019, 10:06:42 PM

Quote from: vennali on August 02, 2019, 06:09:45 AM

Check out our latest Sparrow Digest to know what have we been upto in the busy and fruitful 2 months since our official launch.
https://medium.com/sparrowexchange/sparrow-digest-7-f13fac185a8

Great! A lot of updates!
The Platform UI/UX has been an awesome experience!

We appreciate your feedback. Do check out the contest that we are running currently.

Started on 5th August(GMT+8) and upto 16th August, 6pm (GMT+8), be the top 50 traders (by total trading volume) and stand a chance to win SPO.

🏆Top 1–5: Share 100,000 SPO
🏆Top 6–20: Share 100,000 SPO
🏆Top 21–50: Share 100,000 SPO.

You can find more about it by clicking HERE

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Trade and Share 300,000 SPO!

From today, 4pm (GMT+8) to 16 August, 6pm (GMT+8), be the top 50 traders (by total trading volume) and stand a chance to win SPO.

🏆Top 1–5: Share 100,000 SPO
🏆Top 6–20: Share 100,000 SPO
🏆Top 21–50: Share 100,000 SPO

Sure win bonus: Anyone not in the top 50 list who trades at least 1 ETH worth of options gets 50 SPO each

Learn more:HERE

kissubaby

jr. member

Activity: 96

Merit: 1

Quote from: vennali on August 02, 2019, 06:09:45 AM

Check out our latest Sparrow Digest to know what have we been upto in the busy and fruitful 2 months since our official launch.
https://medium.com/sparrowexchange/sparrow-digest-7-f13fac185a8

Great! A lot of updates!
The Platform UI/UX has been an awesome experience!

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Check out our latest Sparrow Digest to know what have we been upto in the busy and fruitful 2 months since our official launch.
https://medium.com/sparrowexchange/sparrow-digest-7-f13fac185a8

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Sparrow Exchange

copper member

Activity: 39

Merit: 0

Quote from: puremage111 on July 25, 2019, 08:16:31 AM

Quote from: Sparrow Exchange on July 25, 2019, 05:46:13 AM

Quote from: puremage111 on July 25, 2019, 04:33:33 AM

Quote from: Sparrow Exchange on July 25, 2019, 01:09:24 AM

Quote from: puremage111 on July 24, 2019, 05:07:19 AM

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

Hi puremage111,

Thanks for your interest!

You’re right, TradePROTECT = buying options by paying a premium (can be buy call or buy put) while TradeBOOST = selling options and collecting a premium (can be sell call or sell put)

For your TradeBOOST scenario, where you put strike price at $220 when the current ETH price is at $200. It is a sell call position – meaning you are bearish and think the price will not exceed $220.

You get an instant premium from being an options seller - If it goes above $220, then your option will be exercised, otherwise it will expire worthless. Of course as a seller, you will hope that they expire worthless so that you can profit from the premium.

Hope this helps! Do join us on our Telegram chat: https://t.me/SparrowExchange - Our team and communities are active there where we often share options trading tips and strategies. Feel free to ask us any questions there!

Alright thanks for the help
So for Sell Call/Sell put options

Lets say current price is $200, Strike price is $220, Settlement Date is 1 week Later
So For Day 2, if spot price touch and hit above $220, the options is closed straightaway?
Or it will depends on the final price during the settlement Date?
Thanks

Another Scenario (For TradeBoost)
Ethereum Current price $200, if i set the strike price at $180, this will be a sell put options right?
Hence if i wanted to profit from this, i will hope that the price of Ethereum never hits $180 or else my options is close?

Thanks

1. It will depend on the final price during settlement day. Sparrow Options are European Options - meaning options will only be settled on settlement day

2. Thats right! For sell put, you are kinda betting market will go up - so if strike is 180, your stance is that eth price will not go lower than 180. If it goes below 180 then the option will be exercised

Do make sure to not set your strike price too far away from the current price though, to ensure your order gets filled - so far on Sparrow, more than 90% of orders get filled 😉

Alright thanks for the help!
For the part
"Ensure your order get filled", whos buying into my Options if i were to sell one?
Is it filled automated by algorithms? Or i need to ask people to buy the Sell Put/Call Options from me?

Thanks

No problem at all! All orders will go into the order book, which may be picked up by a counterparty - could be another user, or one of our market makers

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: Sparrow Exchange on July 25, 2019, 05:46:13 AM

Quote from: puremage111 on July 25, 2019, 04:33:33 AM

Quote from: Sparrow Exchange on July 25, 2019, 01:09:24 AM

Quote from: puremage111 on July 24, 2019, 05:07:19 AM

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

Hi puremage111,

Thanks for your interest!

You’re right, TradePROTECT = buying options by paying a premium (can be buy call or buy put) while TradeBOOST = selling options and collecting a premium (can be sell call or sell put)

For your TradeBOOST scenario, where you put strike price at $220 when the current ETH price is at $200. It is a sell call position – meaning you are bearish and think the price will not exceed $220.

You get an instant premium from being an options seller - If it goes above $220, then your option will be exercised, otherwise it will expire worthless. Of course as a seller, you will hope that they expire worthless so that you can profit from the premium.

Hope this helps! Do join us on our Telegram chat: https://t.me/SparrowExchange - Our team and communities are active there where we often share options trading tips and strategies. Feel free to ask us any questions there!

Alright thanks for the help
So for Sell Call/Sell put options

Lets say current price is $200, Strike price is $220, Settlement Date is 1 week Later
So For Day 2, if spot price touch and hit above $220, the options is closed straightaway?
Or it will depends on the final price during the settlement Date?
Thanks

Another Scenario (For TradeBoost)
Ethereum Current price $200, if i set the strike price at $180, this will be a sell put options right?
Hence if i wanted to profit from this, i will hope that the price of Ethereum never hits $180 or else my options is close?

Thanks

1. It will depend on the final price during settlement day. Sparrow Options are European Options - meaning options will only be settled on settlement day

2. Thats right! For sell put, you are kinda betting market will go up - so if strike is 180, your stance is that eth price will not go lower than 180. If it goes below 180 then the option will be exercised

Do make sure to not set your strike price too far away from the current price though, to ensure your order gets filled - so far on Sparrow, more than 90% of orders get filled 😉

Alright thanks for the help!
For the part
"Ensure your order get filled", whos buying into my Options if i were to sell one?
Is it filled automated by algorithms? Or i need to ask people to buy the Sell Put/Call Options from me?

Thanks

Sparrow Exchange

copper member

Activity: 39

Merit: 0

Quote from: puremage111 on July 25, 2019, 04:33:33 AM

Quote from: Sparrow Exchange on July 25, 2019, 01:09:24 AM

Quote from: puremage111 on July 24, 2019, 05:07:19 AM

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

Hi puremage111,

Thanks for your interest!

You’re right, TradePROTECT = buying options by paying a premium (can be buy call or buy put) while TradeBOOST = selling options and collecting a premium (can be sell call or sell put)

For your TradeBOOST scenario, where you put strike price at $220 when the current ETH price is at $200. It is a sell call position – meaning you are bearish and think the price will not exceed $220.

You get an instant premium from being an options seller - If it goes above $220, then your option will be exercised, otherwise it will expire worthless. Of course as a seller, you will hope that they expire worthless so that you can profit from the premium.

Hope this helps! Do join us on our Telegram chat: https://t.me/SparrowExchange - Our team and communities are active there where we often share options trading tips and strategies. Feel free to ask us any questions there!

Alright thanks for the help
So for Sell Call/Sell put options

Lets say current price is $200, Strike price is $220, Settlement Date is 1 week Later
So For Day 2, if spot price touch and hit above $220, the options is closed straightaway?
Or it will depends on the final price during the settlement Date?
Thanks

Another Scenario (For TradeBoost)
Ethereum Current price $200, if i set the strike price at $180, this will be a sell put options right?
Hence if i wanted to profit from this, i will hope that the price of Ethereum never hits $180 or else my options is close?

Thanks

1. It will depend on the final price during settlement day. Sparrow Options are European Options - meaning options will only be settled on settlement day

2. Thats right! For sell put, you are kinda betting market will go up - so if strike is 180, your stance is that eth price will not go lower than 180. If it goes below 180 then the option will be exercised

Do make sure to not set your strike price too far away from the current price though, to ensure your order gets filled - so far on Sparrow, more than 90% of orders get filled 😉

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: Sparrow Exchange on July 25, 2019, 01:09:24 AM

Quote from: puremage111 on July 24, 2019, 05:07:19 AM

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

Hi puremage111,

Thanks for your interest!

You’re right, TradePROTECT = buying options by paying a premium (can be buy call or buy put) while TradeBOOST = selling options and collecting a premium (can be sell call or sell put)

For your TradeBOOST scenario, where you put strike price at $220 when the current ETH price is at $200. It is a sell call position – meaning you are bearish and think the price will not exceed $220.

You get an instant premium from being an options seller - If it goes above $220, then your option will be exercised, otherwise it will expire worthless. Of course as a seller, you will hope that they expire worthless so that you can profit from the premium.

Hope this helps! Do join us on our Telegram chat: https://t.me/SparrowExchange - Our team and communities are active there where we often share options trading tips and strategies. Feel free to ask us any questions there!

Alright thanks for the help
So for Sell Call/Sell put options

Lets say current price is $200, Strike price is $220, Settlement Date is 1 week Later
So For Day 2, if spot price touch and hit above $220, the options is closed straightaway?
Or it will depends on the final price during the settlement Date?
Thanks

Another Scenario (For TradeBoost)
Ethereum Current price $200, if i set the strike price at $180, this will be a sell put options right?
Hence if i wanted to profit from this, i will hope that the price of Ethereum never hits $180 or else my options is close?

Thanks

Sparrow Exchange

copper member

Activity: 39

Merit: 0

Quote from: puremage111 on July 24, 2019, 05:07:19 AM

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

Hi puremage111,

Thanks for your interest!

You’re right, TradePROTECT = buying options by paying a premium (can be buy call or buy put) while TradeBOOST = selling options and collecting a premium (can be sell call or sell put)

For your TradeBOOST scenario, where you put strike price at $220 when the current ETH price is at $200. It is a sell call position – meaning you are bearish and think the price will not exceed $220.

You get an instant premium from being an options seller - If it goes above $220, then your option will be exercised, otherwise it will expire worthless. Of course as a seller, you will hope that they expire worthless so that you can profit from the premium.

Hope this helps! Do join us on our Telegram chat: https://t.me/SparrowExchange - Our team and communities are active there where we often share options trading tips and strategies. Feel free to ask us any questions there!

puremage111

hero member

Activity: 1568

Merit: 511

Alright so we have 2 things there

TradeProtect and TradeBoost
Hope i get this right

TradeProtect
If i make a call option at $220 per Ethereum, current Ethereum price is $200, within the expiry date, if the Settlement price is $230, i will earn $10 per Ethereum contract right?

How about TradeBoost?
I don't get how tradeboost work here
It allows us to sell an OTM Options, and why are we getting paid the premium here instead of paying the premium?
Lets say current price for Ethereum is $200
I put the strike price at $220, it allow me "Obligation to sell at $220"
So i am currently having a call/put options here?
Shouldn't putting a strike price above spot price "an Obligation to buy at $220"?

EDIT: Oh, hope i get this right
For TradeBoost, instead of being the options buyer. I am now the options seller?

Kindly help, thanks

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Getting started at Sparrow — Part 2: Topping up your account.

For those who have successfully registered an account and passed user verification, congratulations! You’re just a few steps away from making your first trade. Learn more from the Medium article. Written in a way to help all beginner traders.

teddybear

full member

Activity: 315

Merit: 100

Quote from: elitecstrike on July 09, 2019, 11:47:56 AM

Sparrow seeks to list DGX gold token for spot, options, and fiat conversion
Sparrow Exchange is proposing to the Digix DAO a total of 230 ETH to list DGX gold tokens
https://www.cryptoninjas.net/2019/07/09/sparrow-exchange-seeks-to-list-dgx-gold-token-for-spot-options-and-fiat-conversion/

That is great news. I have been following Sparrow closely bit I didnt have much information about Digix. I might have to check it out now.

Weng_saboh

member

Activity: 728

Merit: 12

Quote from: iHaveDreams on July 11, 2019, 09:11:27 AM

Quote from: elitecstrike on July 09, 2019, 11:47:56 AM

Sparrow seeks to list DGX gold token for spot, options, and fiat conversion
Sparrow Exchange is proposing to the Digix DAO a total of 230 ETH to list DGX gold tokens
https://www.cryptoninjas.net/2019/07/09/sparrow-exchange-seeks-to-list-dgx-gold-token-for-spot-options-and-fiat-conversion/

This is one step in the progress of the Sparrow Exchange, hopefully in the coming days more and more lists in the Sparrow Exchange will attract a lot of attention from the public and they will trade on the Sparow Exchange

yeah right. I am happy with the development of sparrow well and also the teams who have worked hard in its development. it seems that the sparrow exchange will be successful and many tokens are listed in it.

iHaveDreams

full member

Activity: 536

Merit: 100

Quote from: elitecstrike on July 09, 2019, 11:47:56 AM

Sparrow seeks to list DGX gold token for spot, options, and fiat conversion
Sparrow Exchange is proposing to the Digix DAO a total of 230 ETH to list DGX gold tokens
https://www.cryptoninjas.net/2019/07/09/sparrow-exchange-seeks-to-list-dgx-gold-token-for-spot-options-and-fiat-conversion/

This is one step in the progress of the Sparrow Exchange, hopefully in the coming days more and more lists in the Sparrow Exchange will attract a lot of attention from the public and they will trade on the Sparow Exchange

Topic: [ANN] Sparrow | Leading options trading platform powered by smart contracts - page 5. (Read 3664 times)