Binance options contract templates list 10 underlying assets: BTC, ETH, BNB, SOL, XRP, DOGE, plus gold, silver, crude oil, and Brent crude oil. I pulled the entire options list from the API and counted it. For crude oil and Brent crude oil, the templates exist, but there are 0 actually tradable option contracts attached to them — none at all.
Among the remaining 8, the available expiration lengths vary a lot. BTC and ETH each have 11 expiration dates: the nearest three days are September 7, September 8, and September 9, one each; then it jumps to September 11 (2 days later), September 18, and September 25 (each 7 days apart); after that come October 30, November 27, and December 25, with the gaps changing to 35 days, 28 days, and 28 days; the last two tiers are each 91 days apart, extending all the way to June 25 of the following year, nearly 10 months later.
BNB has 6 expiration dates, SOL has 4, XRP, gold, and silver each have only 2, and DOGE has the fewest, only 1: it expires on September 11, and after that date there are no more choices. There is also a contract-template permission called naked selling options (the ability to sell without first holding equivalent inventory), and among the 10 underlyings, only BTC and ETH have it enabled; the other 8 do not.
At 11:13 Beijing time on September 7, I also checked spot and futures prices on the fly: the latest spot trade price was 79803.84, and the futures mark price was 79773.3. These numbers only represent that exact moment; if you look again later, they will very likely be different.
The official side has never explained why crude oil options have templates but are not enabled, nor why the smaller coins have such short expiration schedules, and I can’t see the reason from the API either. The only thing that is clear is this: this is not the result of a random liquidity distribution. On the two thresholds of expiration dates and naked-selling permission, Binance has already sorted the underlyings into different tiers.
$BTC $ETH #BinanceOptions
Among the remaining 8, the available expiration lengths vary a lot. BTC and ETH each have 11 expiration dates: the nearest three days are September 7, September 8, and September 9, one each; then it jumps to September 11 (2 days later), September 18, and September 25 (each 7 days apart); after that come October 30, November 27, and December 25, with the gaps changing to 35 days, 28 days, and 28 days; the last two tiers are each 91 days apart, extending all the way to June 25 of the following year, nearly 10 months later.
BNB has 6 expiration dates, SOL has 4, XRP, gold, and silver each have only 2, and DOGE has the fewest, only 1: it expires on September 11, and after that date there are no more choices. There is also a contract-template permission called naked selling options (the ability to sell without first holding equivalent inventory), and among the 10 underlyings, only BTC and ETH have it enabled; the other 8 do not.
At 11:13 Beijing time on September 7, I also checked spot and futures prices on the fly: the latest spot trade price was 79803.84, and the futures mark price was 79773.3. These numbers only represent that exact moment; if you look again later, they will very likely be different.
The official side has never explained why crude oil options have templates but are not enabled, nor why the smaller coins have such short expiration schedules, and I can’t see the reason from the API either. The only thing that is clear is this: this is not the result of a random liquidity distribution. On the two thresholds of expiration dates and naked-selling permission, Binance has already sorted the underlyings into different tiers.
$BTC $ETH #BinanceOptions