Stryke continues to innovate, making it easier for traders to manage their options positions without having to monitor the market constantly.
We're introducing the Limit Exercise feature, designed to automate the exercise of options when your target price is reached—so you can set it and forget it.
Why Limit Exercise?
This new feature allows users to set a specific target price for their option trades. Once the market hits that price, the option is automatically exercised, saving traders from the need to watch the market closely. Whether you're sleeping or away from your screen, Stryke will handle the execution for you.
Limit Exercise Practical Example
When you open a position, you’ll see a "Limit Exercise" column. Simply click the edit button to set your desired exit price, as shown in the screenshots below.
For instance, if the current market price is $0.51 and you purchased a put option at $0.533356, you can set a limit exercise price of $0.45 to automatically exit the trade when the target price is reached.
The position will be exercised as soon as the price hits your target, ensuring that you secure your profit or minimise your loss without needing to stay glued to the screen.
Using Limit Exercise
- Open the Limit Exercise popup by clicking the edit button next to your position.
- Enter your desired target price and review the relevant position details.
- Confirm your target, and you’re all set! Stryke will automatically exercise the option once your target price is met.
The popup now includes an estimated profit and loss (PNL) feature, allowing you to quickly gauge potential outcomes before setting your target price.
While it’s a smaller addition, this helps you make more informed decisions when automating your options strategy.
Automation for Better Trading
The Limit Exercise feature makes options trading easier by automating the execution of your positions. No more waiting for the perfect moment—you can now set a limit and let the platform take care of the rest.
About Stryke
Stryke is a decentralised options protocol that focuses on maximising liquidity and enhancing gains for option buyers while minimising losses for option writers—all in a passive approach.
Stryke employs option pools that enable anyone to effortlessly earn yield. The protocol provides value to both option sellers and buyers by ensuring equitable and optimised prices for options at various strike prices and expiries, achieved through our proprietary, cutting-edge option pricing model designed to mirror volatility smiles.
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