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Copilot helps you explore an option or turn a market view into a proposed trade. Tell it what you expect, the expiry you are considering, and any premium or maximum-loss limit. It can ask for missing details and show a trade card for you to review. You decide whether to request a quote and accept it. Copilot cannot sign or execute a trade for you.

From an idea to a quote

You might ask:
  • “Show me a BTC call for today’s expiry.”
  • “Compare a call spread with buying a call.”
  • “What can I lose on this package?”
  • “Keep the maximum loss below 100 USDC.”
An initial trade card is a proposal. Request a firm maker quote to see the package price, quote expiry, maximum fee, and collateral requirement. Review the side and every leg before you confirm and sign. A proposal or wallet signature is not a fill. Check the exchange’s trade status and positions after accepting. Confirmed transactions can still revert before finalization.

Packages and risk limits

Copilot can propose buying or selling calls and puts, including packages with long and short legs on one asset and expiry. For a flat market view, it defaults to structures with protective long options. A volatile market view can produce a long straddle or strangle. An explicit premium or maximum-loss limit stays with the conversation until you change or resolve it. Before signing, the app checks the quoted package and signed fee ceiling against freshly read limits. Missing prices or fees prevent it from confirming that a proposal fits your limit. Premium received and locked collateral do not measure maximum loss. An unhedged short call has unbounded loss and cannot fit a finite maximum-loss limit. These checks use a snapshot before signing; they do not provide an exchange reduce-only guarantee. Copilot does not submit closes or reductions. An exit needs a new executable quote.

Compare possible outcomes

Ask how a selected trade would settle at a hypothetical underlying price. The scenario shows the contract, size, assumed entry cost, gross payout, and profit or loss before settlement fees. Specify Buy or Sell for an unfilled two-way proposal. You can edit the settlement-price or cost assumptions and select Update scenario. Saved calculations are historical until refreshed. Unknown premium and actual fees remain unknown; a signed maximum fee is a ceiling, not an actual charge. A scenario describes a possible outcome. It is not a forecast or an executable exit price. A call can expire above its strike and still lose money after premium and fees.

Fund the trade

Copilot trades use your RFQ account. A balance in another account must be moved or deposited into the RFQ account before it can fund the trade. Use the funding action shown on the card when funds are needed. Your available balance does not set your risk tolerance. State a premium or loss limit when you want one applied.

Continue a conversation

You can refer to a trade card in a follow-up question. Copilot uses current exchange data for balances, positions, and prices. A past card or quote remains historical evidence. If several cards could match your request, it asks which one you mean. Copilot can retrieve the US economic calendar for relevant questions about rates, inflation, employment, or other scheduled economic events. It does not browse news, social posts, or earnings reports. Broader market-data commentary is paused; it does not invent a price or probability to fill a gap.

Preferences and conversation history

When memory is enabled, signed-in English conversations can remember explanation style, asset interests, time horizon, and explicitly scoped financial limits. Ask “What do you remember?”, correct a preference, or ask to forget a named preference or everything. Memory never gives permission to trade. Forgetting excludes the supporting evidence from future model use. Raw conversation records remain subject to the retention policy. Deleting a conversation hides its messages and cards and stops further delivery, but saved preferences can survive. Ask to forget those preferences separately. Anonymous conversations do not have persistent memory. For signed-in traders, interrupted answers remain in the conversation after reload. Stop ends the current reply and keeps the text already shown. Try again requests another attempt; an interrupted reply does not automatically restart. If a long conversation reaches its context limit, narrow the request or start a new conversation. Recheck historical cards against current quotes before trading. Your first trade covers execution. Fees and Contract specifications explain the terms.