> For the complete documentation index, see [llms.txt](https://xspacearb.gitbook.io/rabbit-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://xspacearb.gitbook.io/rabbit-finance/ecosystem/rabbit-option.md).

# Rabbit Option

**What are Rabbit Option?**

Options are financial derivatives that give holders the right, but not the obligation, to buy or sell an underlying asset at a predetermined price and date. 

There are two types of options: Call and Put Options. Purchasing a Call Option gives the holder the right, but not the obligation, to buy the underlying asset at an agreed-upon date and time. 

Meanwhile, a Put Option gives the holder the right, but not the obligation, to sell the underlying asset at an agreed-upon date and time. 

Traders typically enter into a Call Option when they anticipate an increase in the underlying asset’s price and a Put Option when they expect the underlying price to decline.

**How To Use Rabbit Option?**

<figure><img src="/files/hxhOO1fpJkuxJ8oEtFD6" alt=""><figcaption></figcaption></figure>

Step 1: Select the coin you want to predict the price range for BTC - ETH - RabbitF (coming soon)\
Step 2: Choose the price range you want to bet on\
Step 3: Enter the amount of usdt - RabbitF token you want to bet\
Step 4: After 12 hours from placing the bet, if the price is in the range you choose, you will receive a reward according to the corresponding %.

If the price is outside the range you selected, you will be charged the corresponding %.\
Step 5: Claim Reward and the token set.


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