As a high-profile financial derivative in the digital currency market, Bitcoin options’ delivery time has always attracted much attention. The delivery time of Bitcoin options refers to the specific time frame when the option contract expires. The determination of this time period is crucial to investors' decisions and operations. Let’s delve into the delivery time of Bitcoin options and reveal the secrets.

The delivery time of Bitcoin options is usually calculated from the option contract expiration date, which is the exercise date specified in the option contract. In the digital currency market, the delivery time of Bitcoin options is generally at a specific time point on the expiration date, which is subject to the regulations of the exchange. The delivery time for Bitcoin options is usually 3pm ET on the expiration date, which is also the regular trading time for the digital currency market.

In Bitcoin options trading, the determination of delivery time involves the actual exercise and settlement of the options contract. The delivery time of Bitcoin options is the deadline when the option contract expires. Before this point in time, investors need to make a decision whether to exercise the option. If the investor chooses to exercise the option, the delivery time is the specific time point when the option expires, and the exchange will make corresponding settlements based on the exercise situation.

In addition to delivery time, the expiration date of Bitcoin options is also a time node that investors need to pay attention to. The expiration date is the last trading day for an options contract and the last opportunity for investors to make a trade. Before the expiration date, investors can choose to close their positions or exercise options according to market conditions. On the expiration date, the option contracts will be automatically settled, and the investor's positions will be automatically closed by the system.

In Bitcoin options trading, the importance of reasonably grasping the delivery time and expiration date is self-evident. Investors need to make informed decisions before delivery time and choose whether to exercise options or close positions based on market trends and their own risk tolerance. Only with an in-depth understanding of the delivery time of Bitcoin options can investors conduct transactions more rationally, avoid risks, and maximize returns.

In general, the delivery time of Bitcoin options is the deadline for the expiration date of the option contract, and investors need to make corresponding decisions before this point in time. Through an in-depth understanding of Bitcoin options delivery times, investors can better grasp the pulse of the market and increase the success rate of transactions. In the turmoil of the digital currency market, accurate grasp of the delivery time of Bitcoin options will become one of the keys to victory for investors. May you always pay attention to the delivery time in Bitcoin options trading and win at the starting point!

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Bitcoin is currently the most well-known currency in the cryptocurrency market. It originated in 2008 and is a highly volatile tradable asset that serves as a medium of exchange and a store of value. Bitcoin uses peer-to-peer technology without a central authority or bank. Operation, its management transactions and the issuance of Bitcoin are collectively conducted by the network. Today, there are many Bitcoin-related transactions, among which Bitcoin options trading provides traders with opportunities to speculate and hedge on the future trend of Bitcoin prices. Newbies Investors can also get started easily. Before trading Bitcoin options, they need to know what time is the delivery time of Bitcoin options? Below, the editor of the currency circle will give detailed answers to investors.

 What is the delivery time of Bitcoin options?

Bitcoin options delivery time is the last Friday of each quarterly month, 16:00 pm Hong Kong time (08:00:00
UTC) expires (for example, the BTCUSD current quarter 0925 delivery contract will expire on the last Friday of the three months of the corresponding quarter, that is, September 25, 2020, 08:00:00UTC). This is a quarterly contract.

Note: If there is market manipulation or market anomalies before and after the delivery and settlement time, resulting in large fluctuations in the index, or abnormal apportionment ratios, delivery and settlement will be delayed or selected based on specific circumstances, and an announcement will be issued to explain the specific rules.

Binance Coin-margined quarterly delivery contracts follow natural quarterly expirations: March, June, September, December. After the delivery of the current quarter delivery contract is completed, a new second quarter contract will be generated, and the original second quarter contract will become a current quarter contract. Therefore, after the delivery is completed, the price of the K-line chart of the contract will also change accordingly. The K-line of the new quarter/second-quarter contract will be connected to the historical K-line of the original quarter/second-quarter contract.

Example: The current quarter 0925 contract expires at 16:00 on September 25, 2020 (Hong Kong time)
After delivery and clearing, the system will generate a new 0326 sub-quarter contract (expiration date: March 26, 2021), and at the same time, the existing 1225 sub-quarter contract will become the 1225 current quarter contract. The K-line of the new quarter contract at 1225 will continue the historical K-line of the original quarter contract at 0925.
The K-line of the new second-quarter contract 0326 will continue the historical K-line of the original second-quarter contract 1225.

 How much does Bitcoin options delivery cost?

The delivery fee for Bitcoin options is the same as the Taker rate. The Taker rate on Binance Exchange is 0.0200%, and the delivery fee will be charged when settling on the delivery day. The delivery method is settled with the corresponding underlying assets, such as BTC, ETH. The settlement price is the arithmetic average of the spot index price per second 1 hour before expiration (i.e. 7.00
and 08.00 UTC for a total of 3600 price indices).

The delivery process is as follows:

1. Quarterly contracts will be delivered when they expire. The system adopts spread delivery (cash delivery) method for delivery.

2. The system will close the expired open positions at the settlement price.

3. Positions cannot be opened 10 minutes before delivery and can only be reduced or closed.

4. At the settlement time, all unrealized profits and losses are calculated and converted into realized profits and losses (pause for 5 to 10 seconds). Delivery will generate a handling fee. This handling fee will also be included in the realized profit and loss, and the delivery handling fee will be deducted.

Realized profit and loss = Position size  Contract multiplier  (1 / Opening price - 1 / Settlement price) - Position size  Contract multiplier  Delivery fee / settlement price. Realized profits and losses will be included in the account balance, and delivery and settlement are completed. After the delivery is completed, the quarterly contract will be closed and a new quarterly contract (same currency, new contract name) will be generated. The new contract will be equipped with a price limit system within 10 minutes of going online, and will return to normal after 10 minutes: price ceiling = price index  (1+10%); price lower limit = price index  (1-10%).

All the above content is all the answers to the question of what time will the delivery time of Bitcoin options be? The delivery time of option contracts is not fixed. Different trading platforms and option contracts may have different delivery time regulations. Relatedly, the specific procedures and handling fees of option contracts are different. Therefore, when trading Bitcoin options Before doing so, investors should carefully read and understand the provisions of the options contract they choose and understand the specific arrangements for delivery time. No matter what kind of Bitcoin-related transactions are conducted, investors should understand the risks and act in a manner that is trustworthy and regulatory compliance. Trade on the trading platform.