# ↕️ Degen Options: A Step-by-Step Guide

## **Introduction to Degen Options**

Degen Options is Jasper Vault’s flagship 30-minute options product, designed to simplify options trading. Degen Options allows users to trade with minimal friction while experiencing the benefits of high leverage. With its one-click trading mechanism, even beginners can easily participate in options trading without worrying about intricate pricing models or volatility analysis.

## **Why Trade Degen Options?**

* **Simplified Trading**: No need to understand complex options pricing models—just choose a trading direction and size.
* **Short-Term Trades**: Degen Options expire in 30 minutes, allowing for quick trades.
* **Up to 500x Leverage**: Maximize returns with a small upfront premium.
* **No Liquidation Risk**: Unlike perpetual contracts, your losses are capped at the premium paid.

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## **How to Trade Degen Options on Jasper Vault**

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2F88eWH8zAVileTCld0DF2%2Fimage.png?alt=media&#x26;token=f2fb2c0e-6eb2-4d40-9f0f-8c38d90f3b0b" alt=""><figcaption><p>Trading Sequence on DEGEN Options</p></figcaption></figure>

### **1. Connect Your Wallet**

1. Visit Jasper Vault and connect your wallet
2. Select the **Bitlayer**, **Arbitrum**, or **Base** network depending on your preference

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2Fch4Q6F2uNT2JZGfmr43C%2Fimage.png?alt=media&#x26;token=2ac557d4-3308-44ee-a063-510e4a7c9e80" alt=""><figcaption></figcaption></figure>

### **2. Place a Trade**

**Go to DEGEN tab for 30 mins options**

* **Select Trading Direction:** Choose between a **Call** Option (price goes up) or **Put** Options (price goes down)
* **Select Trade Size: D**egen Options offer predefined contract sizes (e.g., **0.01 BTC**, **0.05 BTC**, or **0.1 BTC**)

DEGEN Options only offers 30-minutes options

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FznfKt11STmcnR7uVOsPF%2Fimage.png?alt=media&#x26;token=647931e1-88c1-476c-96b4-eed94559a89e" alt=""><figcaption></figcaption></figure>

### **3. Pay the Premium & Execute Trade**

* Choose the premium currency (e.g., BTC, USDT) and pay the corresponding premium.
* Confirm and execute the trade&#x20;

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FZ0ldiLhBvDCKU301c4ne%2Fimage.png?alt=media&#x26;token=70a1530b-a0e5-41fe-ac9d-31dbd580e9de" alt=""><figcaption></figcaption></figure>

### 4. Monitor and Check Your Performance

After executing a trade, you can track its progress at any time:

* You can monitor your position right after placing a trade or click on the **Positions** tab to view it.
* The trade is **automatically settled** upon option expiry.
* Profits from **Calls** are in the underlying asset (e.g., BTC, ETH), while profits from **Puts** are in **USDT**.
* All trade details, including **gross profit, net profit, premium paid, and ROI**, can be found in the **Positions** tab, which is divided into three sub-tabs: **All, Open, and Expired**.

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FKF7YZGSiwlwk3KxZawML%2Fimage.png?alt=media&#x26;token=ceda7d50-e134-405b-9dae-a95e4a2d8e11" alt=""><figcaption></figcaption></figure>

### **5. Optional: Fund Your AA Wallet For Gas-Subsidized Transactions**

To enjoy **gas-subsidized** transactions:

* Click on **Enable Gas Subsidy** on the **Degen** tab
* **Transfer** assets from your Externally Owned Account (EOA) wallet to your Account Abstraction (AA) wallet

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FT5zifjWfhhhwjRpmJ2So%2Fimage.png?alt=media&#x26;token=b67d7e78-c549-43e1-9710-2d0aa1af4d76" alt=""><figcaption></figcaption></figure>

**Important Notes:**

* If your EOA wallet has insufficient funds, **first transfer funds to your EOA wallet**, then move them to your AA wallet
* All transfers are **secure**—only the owner of the EOA wallet has access and control of the AA wallet, ensuring the safety of your funds
* You can choose to send all your assets back from your AA wallet to your EOA wallet anytime anywhere

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FdROx5cmHBJoc15kusq1T%2FBitStone_tut07.png?alt=media&#x26;token=161c69d9-28f4-4b0d-90cf-18bfe2f7edf7" alt=""><figcaption></figcaption></figure>

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### How Much You Can Profit with Degen Options?

Check out real examples of potential gains, break-even points, and risk calculations.

🔗 [Click here to learn more](https://docs.jaspervault.io/support/tutorials/jasper-vault-explained-how-to-profit-with-options#example-profiting-with-500x-leverage-no-liquidation-risk)

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## **Get Started with Degen Options Today!**

Degen Options offers an easy way to engage in high-leverage options trading with a simple, intuitive interface. Connect your wallet, place your first trade, and experience the power of simplified options trading on Jasper Vault!

[**Start Trading Now**](https://app.jaspervault.io/degen/)