Sell an option
user tutorial on how to sell an option on Option Panda
Switch to the sell page by clicking "SELL" button on top of the webpage, you'll be directed to sell an option.
The way to sell an option on Option Panda is called a pooled option underwriting. You can choose any underlying asset pool(wBTC, ETH, BNB etc.) to add asset to the underwriting pool to underwrite either call or put options. If you want to underwrite call options, you need to have the underlying asset(wBTC/ETH/BNB etc.) in your wallet; If you want to underwrite put options, you need to have USDT in your wallet.
Choose an option underwriting pool
If you're a first time user, by clicking the "DEPOSIT" button, you'll see the popup message box from Metamask. If you're joining the "Call Underwriting Pool", the popup message box will prompt you to confirm your permission to spend the underlying asset(wBTC/ETH/BNB etc.) in your wallet; If you're joining the "Put Underwriting Pool", the popup message box will prompt you to confirm your permission to spend USDT in your wallet.
Authorize the Call Underwriting Pool
Authorize the Put Underwriting Pool
Authorize wBTC spending
Authorize USDT spending
After confirmation, you can manually enter the amount of asset that you want to deposit into the underwriting pool in the input box.
Deposit to the Call Underwriting Pool
Deposit to the Put Underwriting Pool
Deposit to the call pool to underwrite Call options
Deposit to the put pool to underwrite Put options
Then click "DEPOSIT" button, a popup box will appear, asking your confirmation.
After the transaction is confirmed, you'll be able to check the amount that you have deposited to your chosen option underwriting pool. Please wait in patience as the blockchain data synchronization with the front-end might take some time therefore your "My Investment" section might take a couple of seconds to load.
Your real-time investment income(your share of the underwriting pool income) is presented at the bottom. You can claim your investment income by clicking the "CLAIM" button.
Concerning the profit prospect of joining an option underwriting pool, please refer to:
If you no longer wanna stay in the underwriting pool, you can withdraw your asset by clicking on the "WITHDRAW" button, and then enter the amount that you wish to withdraw.
After confirmation, you have successfully withdrawn your asset from the pool.