Create (Sell) Put Option

• Head over to http://niftyoptions.org/ and connect your Metamask (Ignore the bored looking bouncers)

• Once you've made it past the velvet rope, navigate your way over to the Create Options tab

• Select the NFT collection from the list from (or even enter the address for an NFT you own that you would like to create the option for!)

• Pick the NFT you own that you are creating the contract for by it's id

• Select 3 terms for the option contract you would like to create:

  • Premium Amount - This is the fee you will pay the option purchaser to take on the other side of the contract. (aka buy the NFT at the strike price).

    • Note: Once an option is FILLED this fee is NON-REFUNDABLE. However, can be claimed back by the owner if the option is CANCELLED.

  • Strike Price - This is the amount of ETH the option purchaser will pay in exchange for the NFT you have linked to the option contract. If the option is exercised, the person who bought (filled) the other side of the contract will pay you this amount in exchange for your NFT.

  • Expiration Date - The length of time you would like to keep the offer (option contract) open.

• Approve the transaction in metamask, to let the Nifty Collective place your NFT and Premium into escrow, for the duration of the contract.

• Once approved, it's time to mint like Fort Knox!

• Carefully read our terms and confirm the transaction, there's no turning back after this!

• Congratulations!! You've just minted an option contract for your NFT!!

• To check the status of your option, head over to Your Options tab at anytime!