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Opening Position

  1. Go to the Trade page.
  2. Select the underlying asset (BTC, ETH, SOL, HYPE), expiry date, and strike price.
  3. Choose Call (Long) or Put (Short).
  4. Enter your size and review the order.
  5. Place the order by clicking the button 

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Closing a Position

  1. Navigate to the Positions tab on the bottom of the trading page.
  2. Find the position you want to close.
  3. Click “Limit” button in the “Close” column, set the size and the limit price.
  4. Confirm and wait for the order to be filled.

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Holding to Expiry

If you hold an option through to its expiry date, you don’t need to do anything. The Derive protocol automatically settles the position based on a 30-minute TWAP (Time-Weighted Average Price) of the underlying asset’s price at expiry.
  • If the option expires in the money, your profit is automatically credited to your subaccount in USDC.
  • If the option expires out of the money, it expires worthless - no action required, no extra fees.
All options on Optivi are European style - they can only be exercised at expiry, not before.

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Withdraw

To move funds from your Optivi subaccount back to your wallet:
  1. Click Withdraw in the dashboard or in the “Balances” tab on the trading page.
  2. Select the asset (USDC), choose one of the supported deposit networks (Base, Ethereum, Arbitrum, or OP Mainnet), and enter the amount.
  3. Confirm the transaction.
Your funds will be sent to your connected wallet address.
Note: Withdrawals cannot be initiated using a session key - this action always requires a direct wallet signature as a security measure.