Exercise an Option
Last updated
Last updated
First, you will need to harvest your options on the farm. To do so, visit the Farm tab and find the label “Options”.
Once you’ve claimed your $oCROP (option CRP), a banner will appear at the top of the page showing that you have an option to be exercised, as indicated below.
To exercise your option, select “Exercise”. A popup will appear allowing you to exercise your option.
In the example shown above, you can see the user has 2000 $oCRP to be exercised which will allow them to buy $CRP at a price of 0.005 $USDC/$CRP. By exercising this option, the user will receive 2000 $CRP for the value of 30 $USDC in exchange for 2000 $oCRP and 10 $USDC. That means making a profit of 200%.