Goal

To provide a useful public good for crypto options trading while simultaneously driving options volume to the Lyra protocol.

Scope

An options profit calculator that utilizes the Lyra pricing algorithm to help traders view the returns and profit/loss of crypto options strategies.

• The calculator should be intuitive and easy for community members to use
• The data that the calculator returns should be accurate and robust
• Using up to date prices for ETH and BTC

Requirements

• An intuitive interface using elements from the open source Lyra UI. Found here.
• Provides inputs for:
  • Automatically fetches prices for ETH and BTC
  • Buy or write
  • Type of option
  • Price per option
  • Number of contracts
• Provides output of:
  • Entry cost
  • Max loss
  • Max return
  • Break even at expiry
  • Probability of profit
  • Payoff chart

Resources

Example options calculators:

• 1
• 2
• 3

Lyra whitepaper

Lyra codebase