# 1 Hour Option

* Price you pay changes dynamically with remaining time and price, win amount is always $100
* Predict Hour-to-hour prices of BTC, ETH (Expires every 1 hour at 00:00)
* Choose a Strike -> Place an <mark style="color:red;">**Under**</mark> or <mark style="color:green;">**Over**</mark> Order (or even both).
* Multiple Strikes Available: Try out various strategies with 5 Strikes, 99%\~101% of Start Price.
  * **Lite Version**: Strikes are represented as “Multipliers” ($100 / Price)
  * **Degen Version**: Price Strikes, represented in % of Start Price.

### Price is what you pay, $100 is what you get (if you win) <a href="#price-is-what-you-pay-usd100-is-what-you-get-if-you-win" id="price-is-what-you-pay-usd100-is-what-you-get-if-you-win"></a>

* Users can make predictions on price changes of various coins/tokens for a maturity of max 1 hour.

<figure><img src="https://2691306429-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUNrPGJzq2YJwzIqALqZ3%2Fuploads%2Ftfv0wNTbb22USoIZklz8%2FScreenshot%202024-09-10%20at%2023.06.59.png?alt=media&#x26;token=22a6311f-178c-4370-8eab-f20af36f7551" alt="" width="375"><figcaption><p>SuperVol Trade Page</p></figcaption></figure>

* **Strikes**: At every 00m00s of the hour, 5 different strikes (**101%, 100.5%, 100%, 99.5%, 99%**) are generated for both BTC and ETH.
  * 100% is the Start Price of such round, i.e. price fixing from Oracle at every hour 00m 00s.
* <mark style="color:red;">**Under**</mark>**&#x20;or&#x20;**<mark style="color:green;">**Over**</mark>**&#x20;for each Strike:** users can enter positions in either up/down for these strikes, upon their market view on the token's price movement in the short term (=less than 1 hour).
  * <mark style="color:green;">**Over**</mark>, if users think the price > strike at expiry
  * <mark style="color:red;">**Under**</mark>, if users think the price < strike at expiry
  * ex) Buying BTC/USD <mark style="color:green;">OVER</mark> +1% @ 11:05 means you think BTC/USD will rise more than 1% from 11:00\~12:00
* **Price**: Users will pay upfront $ amount (=price of the option) shown in the dashboard to enter the position.
  * Prices are affected by remaining time to expiry / underlying price changes / volatility etc.
  * ex) BTC/USD <mark style="color:green;">OVER</mark> +1% price @ 11:05 is $45 -> Probability priced-in that you win $100
* **Market Order** (take the current best price): Filled orders cannot be cancelled.
* **Payoff**: At expiry, users who still have positions will win $100 (subject to a platform fee) if the price of such coin/token;
  * **ends higher** than the Strike, for an <mark style="color:green;">**Over**</mark> position.
  * **ends lower** than the Strike, for an <mark style="color:red;">**Under**</mark> position.
  * In other cases, users waited until the expiry win 0.
  * So your PnL in the example above would be ($100 - $45 = $55, less fees)