Oiler Network (OIL) ICO Rating, Reviews and Details

Market

Pair

Price

Volume 24H

24H (price)

24H (volume)
Uniswap V2 (Ethereum)

Pair OIL/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48 2 one year ago

Market $ 0.2742

Volume 24H $ 6.256 K

24H (price) -

24H (volume) -
Hotbit

Pair OIL/USDT 2 one year ago

Market $ 0.2911

Volume 24H $ 33.551 K

24H (price) -

24H (volume) -

May 6, 2021

May 8, 2021

100% completed

Raised funds - no Data

past

Token Details

Ticker

OIL

Additional Details

About Oiler Network

Traditionally options give you a right but not an obligation to buy (CALL) or sell (PUT) something (UNDERLYING) at a given price (STRIKE). We need a simple example. Let’s go bananas. You can buy bananas options that tell you that you can buy (CALL) bananas at $5 per bunch. $5 is the STRIKE price. Bananas are the UNDERLYING.

Now, we use words PUT and CALL that are very specific to options because it would be a bit confusing to say ‘I buy an option to buy bananas’ or ‘I buy an option to sell bananas’. Instead, we say ‘I buy a CALL option on bananas’ and ‘I buy a PUT option on bananas’.

So, you may own (HOLD) a PUT option at $5 STRIKE which means that if you have bananas then you can PUT them into the market at $5 a bunch even if the market at the given time buys bananas for $3 a bunch.

If you HOLD a CALL option on bananas, then you can call the market and ask them to deliver bananas to you for $5 a bunch even if everyone else has to pay $7 a bunch.

Now, after you buy an option then we say that you HOLD it. When you sell (or rather create) an option we say that you WRITE it.