(Delta = 1) Aggressive (Higher Risk): strategies, such as Futures Copy Trading, which carry higher risks (Delta > 1) Smart Picks simplifies choosing a strategy by offering clear insights into the risk and performance of each option.What is Delta? In trading, Delta refers to how much of your investment is exposed to changes in the market price of an asset.

Spreads are constructed to be delta-neutral, meaning that holding a spread strategy involves no delta risk. Delta refers to how the price of an instrument changes in relation to the reference asset. For instance when the price of BTC/USDT moves up by 1 USDT we would expect the price of a BTC/USDT quarterly future to also move up by about 1 USDT.

Delta-neutral strategy: Reduces risks associated with market fluctuations. Minimizes the impact of price changes on trading positions. Focuses on earning from funding fee differences rather than relying on market direction. Risk management: Keeps a delta-neutral position, enhancing stability in volatile markets. Allows traders to manage risks effectively while pursuing higher returns.

Portfolio margin liquidation starts with delta hedging, which means using perpetual or future to hedge delta risk instead of liquidating options directly to avoid slippage on options. Please be mindful of the account risk as liquidation could be very costly too.Which position type should I choose when trading Options on OKX? In any single-currency/multi-currency/Portfolio margin account, you can choose to place orders as an isolated or cross position.

Deep liquidity Our large and consistent Delta-1 volumes for many years have proven our ability to perform in the trickiest of markets. This now includes crypto options. At the moment, traders can use coin-margined options for funding.

OKX Crypto Options Principles and Strategies III: Delta and Delta-NeutralHow do I update the candlestick chart? There are two ways to update the candlestick chart: Select on the candlestick icon to the right of any leg in your strategy Use the drop-down menu above the chartWhere can I find descriptions for each of the pre-defined strategies? Each of the predefined strategies offered on Block Trading by OKX are explained in our academy under the "Trading" topic.