If you’re a crypto trader – you should know that you can trade cryptocurrencies using derivative instruments like options and futures without owning the actual crypto. Sounds good, right? Especially in India, where crypto tax laws demand a hefty 30% tax rate (plus a 4% cess) on gains from direct, with no loss set-offs on trading crypto.
Crypto options can provide some respite if you use Delta Exchange India to trade in derivative instruments!
Delta Exchange India has registered with India’s FIU (Financial Intelligence Unit), making it a fully compliant crypto futures and options trading platform in the country. As of writing, with one-week volumes of $1.62 billion, Delta Exchange India is the country’s fastest-growing crypto F&O exchange.
Let’s get into more detail regarding the beginner checklist for successful trading on Delta Exchange India. But first, what is crypto options trading?
Crypto options trading
Crypto options provide buyers with the right, yet not the obligation, to purchase or sell a particular quantity of the underlying cryptocurrency at a predetermined price, known as the strike price. And of course, crypto options provide a better alternative for those who prefer not to hold cryptocurrencies directly after spot trading. Settlements can be made in fiat currency, allowing traders to participate in the cryptocurrency market without actually owning the crypto.
There are two types of crypto options: call options and put options. A call option grants the buyer the right to purchase the underlying crypto at the strike price, while a put option gives the buyer the right to sell the crypto at the strike price. Traders can customize their strategies according to their market expectations and risk tolerance.
Now that we have covered the basics, let’s check the beginner’s list for successful trading on Delta Exchange India.
Beginner Checklist for Trading Crypto Options Successfully on Delta Exchange India
- Sign-up: Log in or sign up on the Delta Exchange platform.
Delta Exchange India account sign-up or log-in
2. Access Option Chain: Click on the “Options” tab to access the option chain.
Options on the Delta Exchange India Platform
3. Expiry Selection: Note the available expiries for Bitcoin and Ethereum options: daily, weekly, and monthly. Choose the desired expiry.
Expiries for BTC and ETH
4. Understanding Option Chain Columns: Familiarize yourself with the columns in the option chain, including strike price, open interest, bid quantity, bid price, ask price, mark price, delta, and volume.
To let you know:
- Strike: Indicates the price at which an option can be exercised.
- Open Interest: Reflects the total number of active contracts for buying or selling options.
- Bid Quantity: Shows the quantity of options available at the highest bid price.
- Bid Price: Displays the highest price at which buyers are willing to purchase options.
- Ask Price: Indicates the lowest price at which sellers are willing to sell options.
- Mark Price: Represents the calculated fair value of each option.
- Delta: Illustrates the change in an option’s price for every $1 movement in the underlying asset.
- Volume: The total number of options contracts traded over a given time period, usually 24 hours
5.Customization options: Customize the view by choosing which features to display in the chart.
Customization features
6. Expand Option Chain: Expand the option chain for a bigger view, showing all options Greeks (delta, gamma, vega, theta, etc.).
7. View Positions: Analyze positions taken by traders, including bought and sold options at various strike prices.
8. Analyze Open Interest: Look for high open interest, indicating significant buy and sell positions on specific options that suggest potential resistance or support levels.
9. Utilize Option Greeks: Use option Greeks (delta, gamma, theta, etc.) to predict market movements and manage portfolio risk. Delta can be used as a metric for the probability of a strike ending up in the money. Calculate net theta and net Vega, and adjust positions to be delta-neutral or close to desired delta values.
10. Charts Analysis: Utilize graphs and charts to analyze option chain data, enabling the identification of market trends and patterns.
Charts to analyze option chain data
Deposits and Withdrawals on Delta India
Deposits and withdrawals on Delta Exchange India are clear and convenient, allowing you to manage your funds seamlessly. Here’s how you can do it:
Deposits
- Log in to your Delta Exchange India account.
- Navigate to the ‘Add funds’ section.
- Add your bank account details in the ‘Add funds’ section.
- Once the Delta Exchange India team whitelists it, you can transfer funds to Delta India’s account.
Withdrawals
- Log in to your Delta India account and go to the ‘Withdrawal’ section.
- Specify the withdrawal amount.
- Add your bank account details and select the right withdrawal option.
- Confirm the withdrawal.
With these steps, you can efficiently manage your funds on Delta Exchange India without any hassle or complication.
The Bottom Line
Delta Exchange India ensures a stress-free, straightforward, and convenient trading experience for Indian users. It focuses on crypto options and futures while prioritizing user safety.
Check out Delta Exchange India’s website for the latest updates, and make sure to follow us on X and Instagram. Don’t forget to download the app from the Google Play Store.
