# Options contracts **URL:** https://community.deriv.com/t/options-contracts/34656 **Category:** Trading Platforms **Created:** [August 10, 2022, 11:44am UTC](https://community.deriv.com/t/options-contracts/34656 "2022-08-10T11:44:30Z") **Posts on this page:** 2 **Page:** 1
### Author: ![Sakina\_derivadmin](https://sea2.discourse-cdn.com/flex020/user_avatar/community.deriv.com/sakina_derivadmin/32/5512_2.png) [@Sakina\_derivadmin](https://community.deriv.com/u/Sakina_derivadmin) #### Post date: [August 10, 2022, 11:44am UTC](https://community.deriv.com/t/options-contracts/34656/1 "2022-08-10T11:44:30Z")
Dear Members, if you are unsure on how options contracts work, this article might help you 🙂 **Define your position** Select the market, trade type, duration, and specify your stake amount. ![image](https://us1.discourse-cdn.com/flex020/uploads/deriv/original/2X/2/2cea95d9836f7a02bccb2bc8592faff659741a8d.png) **Get quote** Receive a payout quote or stake amount based on the position you have defined. ![image](https://us1.discourse-cdn.com/flex020/uploads/deriv/original/2X/0/0232137cf338afcb3eb532baf3b7e697f3abcaee.png) **Purchase your contract** Purchase the contract if you are satisfied with the quote or re-define your position. ![image](https://us1.discourse-cdn.com/flex020/uploads/deriv/original/2X/e/e885f3241c70023355d8f61ef0fa4de6cbcd9e88.png) We hope this information help. If you have any questions, please visit our Help Centre or contact us via Live Chat and WhatsApp. > **[Online trading with Deriv | Simple. Flexible. Reliable.](https://deriv.com/help-centre/)** > > Trading platforms designed with you in mind. ---
### Author: ![Sakina\_derivadmin](https://sea2.discourse-cdn.com/flex020/user_avatar/community.deriv.com/sakina_derivadmin/32/5512_2.png) [@Sakina\_derivadmin](https://community.deriv.com/u/Sakina_derivadmin) #### Post date: [August 11, 2022, 9:40am UTC](https://community.deriv.com/t/options-contracts/34656/2 "2022-08-11T09:40:07Z")