Dated Options are European-style options with fixed expiration dates.
Options settle at expiration time
All settlement is cash-settled in USDC based on the settlement price at expiry
Choose from daily, weekly, and monthly expiration cycles
All Dated Options settle at 08:00 UTC on their expiration date.
The settlement price is determined by a 30-minute TWAP (time-weighted average price) of the Paradex Spot Oracle Price ending at expiry. The payoff at settlement is:
The delta of options gradually decays toward 0 during the 30-minute TWAP settlement period. As the TWAP forms, part of the settlement price becomes fixed, making the option progressively less sensitive to spot price movements.
Dated Option symbols follow the format:
For example, BTC-USD-25FEB26-70000-C represents a BTC call option with a $70,000 strike expiring on February 25, 2026.
