# CALL

### Set Up

| Variable Name             | Value   |
| ------------------------- | ------- |
| Long OPerps Token Supply  | 100     |
| Short OPerps Token Supply | 1000    |
| Premium (per cycle)       | 3%      |
| Cycle Duration            | 2 hours |

### Scenario 1: Market rises 1% during the cycle

Long OPerps pool pays 3 tokens (3% of 100) as Premium and Short OPerps pool pays 10 tokens (1% of 1000) as compensation for market fall.

<figure><img src="/files/5sTco9CeTVdj3LqZggtd" alt=""><figcaption><p>During market fall LO tokens earn from SO holders. LO holders pay the premium every cycle, irrespective of market movement. </p></figcaption></figure>

### Scenario 2: Market rises 1.5% during the cycle

Long OPerps pool pays 3 tokens (3% of 100) as Premium and Short OPerps pool pays 15 tokens (1.5% of 1000) as payoff for market movement.

<figure><img src="/files/5etC7LZhq5X55vFzzbjQ" alt=""><figcaption></figcaption></figure>

### Scenario 3: Market remains neutral or falls

Long OPerps pool pays 3 tokens (3% of 100) as Premium and Short OPerps pool pay nothing.

<figure><img src="/files/2m4oaMmfypttblUGJpIV" alt=""><figcaption></figcaption></figure>

## Special Cases

### Scenario 4: Market rises more than 2.5% in 30 minutes.

As explained in [Settlement](/operps/settlement.md) section, the payoff will be capped at 2.5%

Long OPerps pool pays 3 tokens (3% of 100) as Premium and Short OPerps pool pays 25 tokens (2.5% of 1000) as payoff for market movement.

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<figure><img src="/files/VEOYat0A9O0BlfDdlBKw" alt=""><figcaption></figcaption></figure>


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