Options trading has become an increasingly popular way for traders to hedge risk, speculate on price movements, and generate income in the cryptocurrency markets. Bybit, a leading digital asset exchange, offers a robust USDC options trading platform that combines advanced tools with user-friendly navigation. Whether you're new to options or expanding your trading strategies, this guide will walk you through the essential steps to begin trading USDC options on Bybit—securely and efficiently.
Preparing Your Account: Transfer USDC to Your Derivatives Wallet
Before placing any options trade, ensure your account is properly funded. You’ll need to transfer USDC into your USDC Derivatives wallet.
👉 Discover how easy it is to fund your account and start trading in minutes.
Here’s how:
- Log in to your Bybit account and click Assets in the top-right corner.
- Select USDC Derivatives from the dropdown menu.
- Click Transfer In.
On the transfer page, you can either:
- Transfer USDC directly from your spot wallet, or
- Convert USDT from your Spot Account into USDC at the current market rate and transfer it seamlessly.
This flexibility ensures you can begin trading even if your holdings are in a different stablecoin.
Navigating the USDC Options Trading Interface
Once your account is funded, it’s time to explore the USDC Options trading page, where powerful tools help you make informed decisions.
Step 1: Access the Options Market
On desktop:
- Go to Derivatives → USDC Options in the main navigation bar.
- You’ll be directed to the options trading dashboard.
The interface is divided into two core sections:
A. Summary Tabs
These provide a comprehensive overview of your trading activity:
- Position Summary: Current open positions
- Expiration Date: Upcoming expiry timelines
- Greeks: Risk metrics like Delta, Gamma, Vega
- Active Orders: Pending trades
- Order & Trade History: Complete record of past activity
B. Options Chain
This real-time grid displays key data for each available contract:
- Underlying Price (current market price of the asset)
- Strike Price
- Mark Price
- Implied Volatility (IV)
- Bid & Ask Prices
Tip: The bid column shows prices buyers are willing to pay; the ask column reflects prices sellers are offering. The spread between them affects execution speed and cost.
How to Place Your First Options Order
With your account funded and the interface understood, you're ready to execute your first trade.
Step 2: Choose an Expiration Date
At the top of the options chain, select a specific expiration date or view all available dates. Your choice depends on your market outlook and strategy timeline.
Step 3: Select Option Type – Calls or Puts
- Call Options: Profit when the underlying asset price rises above the strike price.
- Put Options: Profit when the price falls below the strike price.
Calls appear on the left side of the chain; puts on the right. Strike prices are listed in the center column.
Step 4: Pick a Strike Price and Open the Order Window
Click on any strike price under Calls or Puts. This action opens the order panel on the right side of the screen, where you can configure your trade.
Order Placement Methods: Limit, IV, or Market
Bybit offers three ways to place an options order—giving you control over pricing and execution.
🔹 Set via Limit Order
Ideal for traders who want precise price control.
- Choose Buy or Sell
- Enter your desired order price
- Input the quantity of contracts
- (Optional) Enable Post-Only to ensure your order doesn’t execute as a taker
- (Optional) Set Time in Force (e.g., Good 'Til Canceled, Immediate or Cancel)
👉 Learn how professional traders use limit orders to maximize profits.
🔹 Set via Implied Volatility (IV)
For advanced users focused on volatility rather than price.
- Select Buy or Sell
- Enter your target Implied Volatility value
- Specify the quantity
- (Optional) Apply Post-Only or Time in Force settings
The system automatically calculates the corresponding price based on your IV input.
🔹 Set via Market Order
Best for immediate execution at the best available price.
- Choose Buy or Sell
- Enter the quantity
- (Optional) Enable Reduce Only to prevent opening new positions accidentally
Note: Margin requirements aren't displayed for market orders since the final price is only known after execution.
Review and Confirm Your Trade
After entering your parameters:
- View the estimated margin required (for limit and IV orders)
- Analyze real-time options Greeks (Delta, Gamma, Theta, Vega) to assess risk
- Examine the P&L probability chart, which visualizes potential profit and loss outcomes based on price movement
When satisfied:
- Click Place Order
- A confirmation window will appear
- Double-check all details
- Click Confirm
Your order is now submitted to the market.
Frequently Asked Questions (FAQ)
Q: What is the minimum amount required to start trading USDC options on Bybit?
A: There is no fixed minimum, but you must have enough USDC to cover the margin for your chosen contract. Small trades can start with just a few dollars’ worth of USDC.
Q: Can I trade options without transferring funds to a derivatives wallet?
A: No. All options trades require funds to be in your USDC Derivatives wallet. Transfers from your spot account are instant and fee-free.
Q: What are options Greeks, and why do they matter?
A: Greeks measure different dimensions of risk in options positions:
- Delta: Sensitivity to underlying price changes
- Gamma: Rate of change of Delta
- Theta: Time decay
- Vega: Volatility sensitivity
Understanding Greeks helps manage exposure and refine strategies.
Q: What does “Post-Only” mean in order settings?
A: Post-Only ensures your order won’t match immediately with existing orders—it only places a limit order to add liquidity. If it would execute instantly, it’s canceled instead.
Q: How are profits settled in USDC options?
A: All settlements occur in USDC. Profits or losses are credited or debited directly to your derivatives wallet upon exercise or expiry.
Q: Can I close my options position before expiration?
A: Yes. You can exit early by placing an offsetting trade (e.g., sell a call you previously bought), allowing you to lock in gains or limit losses.
Final Tips for Success
- Start small and use paper trading or demo accounts to practice.
- Monitor implied volatility trends—high IV may indicate overpriced options.
- Use the P&L probability tool to evaluate risk-reward before entering trades.
- Stay updated on macroeconomic events that could impact crypto prices.
👉 Start building smarter options strategies today with powerful trading tools.
Bybit’s USDC options platform empowers traders with precision, speed, and transparency. By following this guide, you’re well-equipped to navigate the market confidently—whether you’re hedging against volatility or capitalizing on directional moves.
Remember: Consistent success comes from discipline, education, and using the right tools. Begin your journey now and unlock new dimensions in crypto trading.