# 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.&#x20;

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.&#x20;

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.&#x20;

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="https://2517079728-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZssAmzr5UFIZE9KTLwKQ%2Fuploads%2FZjwYDjbXUGQUr4087ePK%2F2131e342-0207-4a8d-8ada-4ba566078a0b.jpg?alt=media&#x26;token=21230972-1820-48ad-9488-c3f32cb2534f" 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.
