A Binance Option is a type of European Option contract which, unlike American style options, can only be exercised at expiry, but can be bought or sold at the current market price at any time prior to expiry.
Options trading is a highly risky endeavor with the potential for both great profits and significant losses.
The maximum loss of an Options buyer is the amount of premium paid to purchase the Option. An Options seller may however lose the entire amount of margin posted to collateralise its position and risks being subject to liquidation if sufficient margin is not maintained.
Options trading is restricted for users from certain regions. Only certain users will be eligible to act as Option Writers. By trading Options on Binance, you will be subject to the terms of the Binance Options Service Agreement.