Perpetual Options - The Greeks
The greeks of a perpetual option are determined by two factors: Its money-ness (ITM, OTM, ATM) and its funding period.
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Perpetual Options - The Basket Analogy
A perpetual option can be thought of as a basket of European-style options, each of which has the same strike price but different expiration dates.
Why You Should NEVER Short Perpetual Futures
Shorting perpetual futures is TERRIBLE risk reward. Here's what you should do instead.