{"id":2504,"date":"2025-09-11T12:45:54","date_gmt":"2025-09-11T12:45:54","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=2504"},"modified":"2026-05-28T07:11:03","modified_gmt":"2026-05-28T07:11:03","slug":"cash-settled-vs-physically-settled-options-crypto","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/","title":{"rendered":"Cash Settled vs Physically Settled Options: What Crypto Traders Need to Know"},"content":{"rendered":"\n<p><strong>Key Takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash settled options in crypto = quick, liquid, and perfect for speculation<\/li>\n\n\n\n<li>Physically settled options in crypto = deliver or receive actual crypto assets<\/li>\n\n\n\n<li>Most traders benefit from the efficiency of cash-based <strong>crypto options settlement type<\/strong><\/li>\n<\/ul>\n\n\n\n<p>When you trade crypto options, it\u2019s not just about the direction of the market\u2014it\u2019s also about how the trade is settled. The two main types of settlement are cash settled options and physically settled options, and they work very differently.<\/p>\n\n\n\n<p>Knowing which type you\u2019re trading isn\u2019t just a technical detail\u2014it can directly affect your profit, risk, and strategy. This guide breaks down the difference between <strong>cash settled vs physically settled options<\/strong> and helps you choose the right type for your trading goals.<\/p>\n\n\n\n<p>Let\u2019s explore how cash-settled options in crypto and physically settled options in crypto differ and what that means for traders like you.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/waitlist.pi42.com\/\"><strong>Get Early Access<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6a325ea9d4fff\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">In this article:<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a325ea9d4fff\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#what-are-cash-settled-options\" >What Are Cash-Settled Options?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#pros-of-cash-settled-options\" >Pros of Cash-Settled Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#cons-of-cash-settled-options\" >Cons of Cash-Settled Options<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#what-are-physically-settled-options\" >What Are Physically-Settled Options?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#common-platforms\" >Common Platforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#pros-of-physically-settled-options\" >Pros of Physically-Settled Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#cons-of-physically-settled-options\" >Cons of Physically-Settled Options<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#difference-between-cash-settled-physically-settled-options\" >Difference Between Cash-Settled &amp; Physically-Settled Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#use-cases-when-to-use-each-type\" >Use Cases: When to Use Each Type<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#when-to-use-cash-settled-options\" >When to Use Cash-Settled Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#when-to-use-physically-settled-options\" >When to Use Physically-Settled Options<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#conclusion-know-your-settlement-style-before-you-trade\" >Conclusion: Know Your Settlement Style Before You Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#faqs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#1-what-is-the-difference-between-cash-settled-vs-physically-settled-options\" >1) What is the difference between cash settled vs physically settled options?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#2-are-cash-settled-options-in-crypto-better-for-beginners\" >2) Are cash settled options in crypto better for beginners?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#3-why-do-institutions-prefer-physically-settled-options-in-crypto\" >3) Why do institutions prefer physically settled options in crypto?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#4-what-is-the-most-common-crypto-options-settlement-type\" >4) What is the most common crypto options settlement type?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/pi42.com\/blog\/cash-settled-vs-physically-settled-options-crypto\/#5-how-do-i-choose-between-cash-vs-physically-settled-options\" >5) How do I choose between cash vs physically settled options?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-cash-settled-options\"><\/span>What Are Cash-Settled Options?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cash settled options are contracts that, upon expiration, are settled in cash (usually stablecoins like USDT or fiat), based on the difference between the strike price and the underlying asset\u2019s final price.<\/p>\n\n\n\n<p>You don\u2019t receive or deliver the actual crypto, just the profit or loss.<\/p>\n\n\n\n<p>If the option is in the money at expiration, you receive the payout in cash. If it\u2019s out of the money, the option expires worthless, and you lose the premium.<\/p>\n\n\n\n<p><strong>Example:<\/strong> You buy a BTC call option with a strike price of $60,000.<br>At expiry, BTC = $65,000 \u2192 You receive $5,000 per contract in USDT (minus fees).<br>No BTC is transferred\u2014just cash.<\/p>\n\n\n\n<p>Most centralised platforms like Pi42 use cash-settled options in crypto for simplicity and efficiency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"pros-of-cash-settled-options\"><\/span>Pros of Cash-Settled Options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No need to hold the asset (BTC, ETH, etc.)<\/li>\n\n\n\n<li>Faster and simpler settlement<\/li>\n\n\n\n<li>No wallet transfers or custodial risks<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cons-of-cash-settled-options\"><\/span>Cons of Cash-Settled Options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cannot directly take delivery of crypto<\/li>\n\n\n\n<li>Not suitable for traders looking for physical exposure<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-physically-settled-options\"><\/span>What Are Physically-Settled Options?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Physically settled options involve the actual transfer of the underlying crypto asset when the contract is exercised.<\/p>\n\n\n\n<p>You either receive or deliver the asset, depending on whether you&#8217;re the buyer or seller.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy a call \u2192 Receive the underlying asset at strike price if exercised<\/li>\n\n\n\n<li>Buy a put \u2192 Sell the asset at strike price if exercised<\/li>\n<\/ul>\n\n\n\n<p><strong>Example:<\/strong> You buy a BTC put option with a $60,000 strike.<br>BTC drops to $55,000 \u2192 You exercise the put<br>You deliver BTC and receive $60,000 worth of USDT<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"common-platforms\"><\/span>Common Platforms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CME (for traditional markets)<\/li>\n\n\n\n<li>Some institutional desks<\/li>\n\n\n\n<li>Certain on-chain derivatives protocols (experimental)<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/waitlist.pi42.com\/\"><strong>Get Early Access<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"pros-of-physically-settled-options\"><\/span>Pros of Physically-Settled Options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Receive or deliver actual crypto assets<\/li>\n\n\n\n<li>Ideal for miners, long-term holders, and institutions<\/li>\n\n\n\n<li>Useful for managing inventory or large OTC trades<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cons-of-physically-settled-options\"><\/span>Cons of Physically-Settled Options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Requires asset custody and wallet infrastructure<\/li>\n\n\n\n<li>Slower settlement and higher operational complexity<\/li>\n\n\n\n<li>Less liquid and less beginner-friendly<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"difference-between-cash-settled-physically-settled-options\"><\/span>Difference Between Cash-Settled &amp; Physically-Settled Options<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table id=\"tablepress-16\" class=\"tablepress tablepress-id-16\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>Feature<\/strong><\/th><th class=\"column-2\"><strong>Cash-Settled Options<\/strong><\/th><th class=\"column-3\"><strong>Physically-Settled Options<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Settlement Method<\/td><td class=\"column-2\">In stablecoins or fiat<\/td><td class=\"column-3\">In actual crypto assets<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Requires Holding Crypto<\/td><td class=\"column-2\">\u274c No<\/td><td class=\"column-3\">\u2705 Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Common in Crypto<\/td><td class=\"column-2\">\u2705 Yes<\/td><td class=\"column-3\">\u274c Rare<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Speed of Settlement<\/td><td class=\"column-2\">Fast<\/td><td class=\"column-3\">Slower<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Ideal For<\/td><td class=\"column-2\">Speculators, retail traders<\/td><td class=\"column-3\">Institutions, hedgers<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Platforms<\/td><td class=\"column-2\">Deribit, Pi42, OKX<\/td><td class=\"column-3\">CME, OTC, some DeFi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"use-cases-when-to-use-each-type\"><\/span><strong>Use Cases: When to Use Each Type<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"when-to-use-cash-settled-options\"><\/span><strong>When to Use Cash-Settled Options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You want to speculate on price without owning the asset<\/li>\n\n\n\n<li>You prefer a clean, cash-based P&amp;L<\/li>\n\n\n\n<li>You want to hedge portfolio exposure with minimal operational steps<\/li>\n\n\n\n<li>You\u2019re trading short-term volatility<\/li>\n<\/ul>\n\n\n\n<p>Tip: If you\u2019re just trading direction (up\/down), cash settled options in crypto are ideal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"when-to-use-physically-settled-options\"><\/span><strong>When to Use Physically-Settled Options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You\u2019re a miner or institutional trader with crypto inventory<\/li>\n\n\n\n<li>You want to take delivery or sell crypto at a fixed price<\/li>\n\n\n\n<li>You\u2019re executing large-scale hedging or structured trades<\/li>\n\n\n\n<li>You need settlement in crypto options for tax or accounting reasons<\/li>\n<\/ul>\n\n\n\n<p>Many professional traders evaluate the right <strong>crypto options settlement type<\/strong> based on liquidity, custody requirements, and long-term portfolio objectives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion-know-your-settlement-style-before-you-trade\"><\/span><strong>Conclusion: Know Your Settlement Style Before You Trade<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Understanding whether your crypto option is cash-settled or physically-settled is critical for execution, strategy, and risk management. Comparing <strong>cash settled vs physically settled options<\/strong> can help you decide which approach aligns better with your trading goals.<\/p>\n\n\n\n<p>\ud83d\udc49 Ready to start trading? Explore BTC, ETH, and SOL cash settled options in crypto on<a href=\"https:\/\/pi42.com\"> Pi42<\/a>, built for traders who demand speed, security, and flexibility.<\/p>\n\n\n\n<p>Sign up now and trade smarter today.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"faqs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1-what-is-the-difference-between-cash-settled-vs-physically-settled-options\"><\/span><strong>1) What is the difference between cash settled vs physically settled options?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cash settled options pay profits or losses in cash, while physically settled options involve the transfer of the actual crypto asset after exercise.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2-are-cash-settled-options-in-crypto-better-for-beginners\"><\/span><strong>2) Are cash settled options in crypto better for beginners?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, cash settled options in crypto are generally more beginner-friendly because they are simpler to manage and do not require wallet custody or asset delivery.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3-why-do-institutions-prefer-physically-settled-options-in-crypto\"><\/span><strong>3) Why do institutions prefer physically settled options in crypto?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Institutions often use physically settled options in crypto because they want direct ownership of assets for hedging, treasury management, or large OTC trades.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4-what-is-the-most-common-crypto-options-settlement-type\"><\/span><strong>4) What is the most common crypto options settlement type?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cash settlement is currently the most common crypto options settlement type due to its liquidity, speed, and operational simplicity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5-how-do-i-choose-between-cash-vs-physically-settled-options\"><\/span><strong>5) How do I choose between cash vs physically settled options?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Your choice depends on your trading goals. Traders focused on speculation usually prefer cash settled options, while long-term holders and institutions may choose physically settled options.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/waitlist.pi42.com\/\"><strong>Get Early Access<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Keep Learning:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/pi42.com\/blog\/call-put-options-crypto-explained\">What are Call and Put Options in Crypto<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/pi42.com\/blog\/option-premium-crypto-explained\">Option Premium in Crypto: What Are You Really Paying For?<\/a><\/p>\n<\/blockquote>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: When you trade crypto options, it\u2019s not just about the direction of the market\u2014it\u2019s also about how the trade is settled. The two main types of settlement are cash settled options and physically settled options, and they work very differently. Knowing which type you\u2019re trading isn\u2019t just a technical detail\u2014it can directly affect [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":2488,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[337],"tags":[339,345,338],"class_list":["post-2504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-options","tag-crypto-options","tag-crypto-options-trading","tag-options-trading"],"acf":[],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2025\/09\/Cash-Settled-vs.-Physically-Settled-Options_.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=2504"}],"version-history":[{"count":4,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2504\/revisions"}],"predecessor-version":[{"id":3483,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/2504\/revisions\/3483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/2488"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=2504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=2504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=2504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}