Convex book
The junior share: everything above the strike for one epoch, with no liquidation.
Live tranche cvxAAPL-7
$296.52
strike, fixed at $282.40 on open
Spot
$291.60
1.7% below the strike
Settles in
19d 00h 00m 00s
19.0 of 30 days left
Leverage now
25.5x
23.9x at the open, delta 0.396
Settlement calculator
18.00 tokens at $3.43- Payoff per token
- $14.68
- Total payoff
- $264.33
- Return on cost
- +328.1%
- Breakeven
- $299.95
Your position
Connect a wallet to mark your Convex position against the live tranche.
Prefunded leverage
- 25.5x today against 23.9x at the open. Leverage decays as the price climbs toward the strike, because the token is already carrying the move.
- No margin, no funding rate, no liquidation. The most you can lose is the $61.74 you paid, and that is true at any price, including zero.
- At settlement the payout is max(P1 - K, 0) / P1 units of stock per token, minus 50 bps. Below $296.52 the tranche expires at zero and the whole epoch belongs to One.