Guides
Bidder Guide
6min
Letโs bid in the auction and grab some options at a decent price!
- Make sure you have enough SUI balance in your wallet (at least 1 SUI) for a smooth bidding and gas fee cost.
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- Select your market view and preferred auctions under the Bidder Guide. As an example, I am bullish and I think the price of SUI will go UP next HOUR. Let's "Enter" the Hourly SUI Capped Call (bid in SUI) auction now!
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This is where you can place bids to win big.
- In this case, you input 100 in the Bid Size column and click Bid to send a transaction. It means that you are about to long 100 SUI with 0.5714 SUI. View settlement examples here.
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- The bid price is gradually decreasing from the initial price to the final price in Modified Dutch Auction. Clearing Price is determined by the final bid price that covers the full offer quantity. If it's not fully covered, it will be the lowest price at delivery, and you will receive Rebates from My Rebate section at the Portfolio Page.
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- The options position will be shown on My Bid section at the Portfolio Page as well. Please note that the options you bid on will not be settled until the expiry date.
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