Regular Options Contracts paying out (strike - settlement price) units of the quote currency on settlement if the option is in the money.
E.g. a BTC/USD 30,000 strike put with expiry print 20,000 will pay out (30,000-20,000) = 10,000 USD(C/T) to the buyer of the contract at expiry.
Payout is determined by the price of the Pyth oracle at expiry to 0.1 basis point of precision.
* Please note that the multiplier for the put option contract is 1/(strike price x 10)
* Another representation of the put options contract is that each option is collateralized by $0.1, paying out $0.1 x (%ITM amount of the option).
* E.g. if the SOL 125 put was sold 10_000x and SOL finished at 100, each put option would pay out (125-100)/125 x $0.1 = 20% x $0.1 = $0.02. Meaning that the total payout would be 10_000 x $0.2 = $200.
* This can be also represented as each option having a multiplier of 1/(125 x 10), paying out 10_000 x $25/1250 = $200.