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  1. Guides

How to Buy a Put Option

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Last updated 4 years ago

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1. Visit Hegic website: https://www.hegic.co

2. Connect your wallet (use MetaMask or WalletConnect). Download: https://metamask.io / https://walletconnect.org. Consider using https://www.argent.xyz / https://trustwallet.com

3. Read about the potential risks and click the "OK" button if you agree to continue

4. Choose the Holder role and click the "Holders" button

5. Choose the "Put" type of an option contract on the interface

6. Choose the Size, Strike Price and Period for your option contract

7. Click the "Buy Option Contract" button

8. Confirm the transaction in your wallet and wait for the confirmation

9. Voilà! You are now holding an ETH put option contract

10. To exercise your option contract click the "Exercise" button and then click "Confirm"

12. Сlick the "Exercise" button one more time and then "Confirm" the exersicing transaction

13. Your ETH will be swapped for DAI that you will receive to the wallet. You have exercised your option!