Tonight while browsing the TermMax website, I found an interesting section: alpha. It’s not the same as Binance alpha. TermMax alpha is an option-style leveraged trading product. If you’ve traded crypto derivatives, you know how painful it is to carry a large position—you always have to watch the chart, afraid that one careless moment and a wick will send you straight into liquidation, or even a full account wipe-up. Fed up with the risk of liquidation, but still wanting to bet on big returns? Then you should take a look at TermMax alpha.
TermMax alpha emphasizes “no liquidation leverage.” If you like taking a directional bet—bullish or bearish—you only need to put down a portion of the premium, and you can get a leveraged position. It won’t trigger liquidation. If your directional judgment is wrong—for example, you go short-term long, but by the expiration date the price drops below the strike price (Strike Price)—then your maximum loss is limited to the premium you paid when opening the position. The premium is generally far smaller than the underlying asset price. In other words, when you open the trade, you’ve already fixed your maximum risk. You’re paying a fixed cost to take a chance at potentially high returns. That’s exactly TermMax’s product intention: fixed costs, and the maximum risk is already locked in. TermMax’s fixed-rate borrowing works the same way.
The具体 operation is shown in the example below. For instance, on the official site, I buy an NVADon/USDT put with quantity set to 10. At the current price of 219.13U, the maximum cost is about 52U. The expiration date is August 28, with a strike price of 200. The breakeven price is 194.8U (52/10 = 5.2U per share, 200 − 5.2 = 194.8U). If, by the expiration date, the price drops to 194.81 or below, then I can exercise and settle for profit. If by the expiration date the price hasn’t dropped and instead rises above the strike price, then the maximum loss is 52U plus a 3U fee. And even before expiration, if it keeps going up—too aggressively—you can also click “Close/Close Position” to settle. Any remaining amount will be refunded. Alternatively, in the event of a big drop, you can click “Exercise - Net Settle” to lock in gains. But the prerequisite is that the market has enough liquidity for you to exit smoothly—so product liquidity remains a challenge.
At the moment, the TermMax official website already has some stock options deployed on the BNB Chain mainnet. If you’re interested, you can go try it on the official site. You can also trade through the TermMax DApp inside your Binance wallet.
#TermMax @TermMax
TermMax alpha emphasizes “no liquidation leverage.” If you like taking a directional bet—bullish or bearish—you only need to put down a portion of the premium, and you can get a leveraged position. It won’t trigger liquidation. If your directional judgment is wrong—for example, you go short-term long, but by the expiration date the price drops below the strike price (Strike Price)—then your maximum loss is limited to the premium you paid when opening the position. The premium is generally far smaller than the underlying asset price. In other words, when you open the trade, you’ve already fixed your maximum risk. You’re paying a fixed cost to take a chance at potentially high returns. That’s exactly TermMax’s product intention: fixed costs, and the maximum risk is already locked in. TermMax’s fixed-rate borrowing works the same way.
The具体 operation is shown in the example below. For instance, on the official site, I buy an NVADon/USDT put with quantity set to 10. At the current price of 219.13U, the maximum cost is about 52U. The expiration date is August 28, with a strike price of 200. The breakeven price is 194.8U (52/10 = 5.2U per share, 200 − 5.2 = 194.8U). If, by the expiration date, the price drops to 194.81 or below, then I can exercise and settle for profit. If by the expiration date the price hasn’t dropped and instead rises above the strike price, then the maximum loss is 52U plus a 3U fee. And even before expiration, if it keeps going up—too aggressively—you can also click “Close/Close Position” to settle. Any remaining amount will be refunded. Alternatively, in the event of a big drop, you can click “Exercise - Net Settle” to lock in gains. But the prerequisite is that the market has enough liquidity for you to exit smoothly—so product liquidity remains a challenge.
At the moment, the TermMax official website already has some stock options deployed on the BNB Chain mainnet. If you’re interested, you can go try it on the official site. You can also trade through the TermMax DApp inside your Binance wallet.
#TermMax @TermMax
