bitpontSynthetic Futures on Bitpont: Build, Review & Exit
Use same-strike calls and puts to construct expiry exposure, and understand how it differs from a listed futures contract.
Updated 27 October 2026
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Choose the direction
Synthetic long buys a call and sells a put at the same strike. Synthetic short reverses both sides. At expiry the combination has a linear payoff before premium and fees. Before expiry, account margin, option pricing and liquidation rules still apply.
Prepare the trade
- Build the pair.
Open Synthetic futures, select Synthetic long or Synthetic short, and choose the underlying, expiry, strike and quantity. Check both contract identities after rebuilding.
- Review the analysis.
Compare the net premium and test settlement prices. A two-leg package can create obligations much larger than its initial net premium. Do not use the premium as the position’s maximum risk.
- Set limits and request pricing.
Connect and authorize the funded Options account. Set your maximum net cost and total fee, then request a maker quote. Both legs must pass the exact package review before signing.
- Verify the result.
Track the request and inspect the resulting Options positions. An account authorization or an unfilled quote is not a position.
Manage the expiry and exit
Use the Options account to inspect remaining holdings and settlement state. To exit early, review an eligible opposite package for the exact remaining quantities. Closing only one leg changes the exposure into a single option. A synthetic short can have unbounded loss as the underlying rises; a long has substantial downside if the underlying falls.