Quick Trade on Zeta - Mobile

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This is a how to guide on Zeta's quick trade feature.
Zeta has developed a quick trading flow for its mobile platform to allow for users to easily speculate direction through both options and futures whilst also educating users on the different instruments and their benefits.
Trading
1.Select and connect your wallet using the button at the top of your screen.
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2.From the home screen you can express your opinion by following the prompts at the bottom of the screen - simply select the direction that you think SOL is moving "Up" or "Down".
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3.Next the system will let you select the instrument to express your trading opinion with (options or futures:

If you think SOL is going up, the system will automatically select 2 trading methods:
1.A call option for you to buy, read the linked section to learn more about buying call options.
2.A futures contract for you to buy, read the linked section to learn more about trading futures.
 
On the other hand if you think SOL is going down Zeta will automatically select select:
1.A Put option for you to buy, read the linked section to learn more about buying put options.
2.A futures contract for you to sell, read the linked section to learn more about trading futures.
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4.You will then land on the trade modal where you can tune the option you wish to trade and place your trade.
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5.In the trade modal there is a helpful options explainer at the top of the screen - here there are 2 variables you can change (the expiry and the strike). You can also chose to leave this as it is because Zeta has already selected an option for you.
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The expiry - is the date and time at which the option will expire and be settled.
The strike - is the price which will be compared to the price of the underlying at expiry to determine the outcome of your trade.
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6.Once you have selected your option you can then enter your trade details on the trading panel. Enter the price you are willing to buy the contract at and the quantity of options you would like to buy. For convenience we have selected the market price by default.
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Some key definitions to take note of here are:
Initial Margin: This is what you must pay to place your order on the orderbook (note this is less than the trade value as we have undercollateralized trading).
Trade Value: This is the value of the contracts you are purchasing. Trade value = Price Per Option x Quantity of Options.
Maintenance Margin: This is how much capital you must keep in your wallet to keep your position open.
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7.After you have placed your trade you can navigate to "Positions" using the bottom navigation bar where you can monitor both your open orders, open trades and account metrics. Simply click the position to expand it and reveal actions such and "Close Position" and "Cancel Order". You can also deposit and withdraw funds here.
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A few key terms to understand:
Available Balance: This is the capital available in your account for trading. Note when this hits 0 your account will be open for liquidation.
Total Account Equity: Is the total value of your account and trading portfolio. It Is calculated as follows: Account Balance + Unrealized PnL.
Total Maintenance Margin: Is the capital in your wallet set aside to keep your positions open.
Net Unrealised PNL: Is the total profit and loss from the positions in your portfolio.
Trading Options on Zeta - Mobile
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