Zomma Terms

Unrealized PnL

UPnL= buyers' unrealized PnL + writers' unrealized PnL UPnL reflects as the sum of unrealized PnL from both options buyers & writers.

Margin Balance

Margin Balance = Balance + Net (option premiums received - option premiums paid) Margin Balance reflects the sum of balance and net option premiums received & paid.

Equity

Equity = Margin Balance + Buyers' and Writers' real-time theoretical values of positions Equity reflects the sum of margin balance and real-time theoretical total values of positions acquired by both buyers & writers.

Available Balance

Available= Margin Balance- Initial Margin Available reflects the difference of margin balance and initial margin.

Initial Margin

Initial Margin = Real-time maximal risks exposure (10%) + Abs( Writers' total real-time theoretical values of positions )

Initial Margin reflects the amount of funds option writer should maintain in the account to proceed with options selling.

Real-time maximal risks exposure

Real-time maximal risks exposure = writers' position size * spot price

Utilization

Utilization = 1- ( Available / Equity )

Utilization calculates the amount of funds used in a specific pool.

Health Factor

HF= Equity / ( Initial margin + Buyers' & Writers' Real-time theoretical total values of positions )

HF reflects the status of healthiness of an individual account, calculates the division value of equity over the sum of initial margin and real-time theoretical total values of positions acquired by both buyers & writers.

Share reflects the proportion of funds in a liquidity pool owns by the liquidity providers upon liquidity addition.