# Options Orderbook {% hint style="warning" %} Coming after initial launch. Details will be updated when this feature ships. {% endhint %} ## Overview The Bound options orderbook is a retail-facing interface for buying calls and puts on BTC - the first self-custodial BTC options orderbook. ## Key features * **Lower minimums** than Deribit or CME - accessible to retail traders * **Self-custodial** - you maintain custody throughout * **Defined-risk** - every position has a known maximum loss ## Who it's for * Retail options traders * Degens looking for leveraged directional exposure * TradFi crossover users priced out of institutional platforms * Anyone wanting to hedge or speculate on BTC price with a defined risk profile --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://bound-1.gitbook.io/bound-docs/earn/options-orderbook.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.