How far, not which way.

Every market asks one question: will an asset move at least X% between its start price and its expiry price? Direction is discarded. A +7% move and a −7% move resolve identically.

Two outcome tokens trade against each other. MOVE pays $1.00 if the absolute move clears the threshold. STAY pays $1.00 if it doesn't. Their prices always sum to $1.00, so a MOVE quote of 68¢ implies a 68% market-implied chance of clearing the threshold.

A WICK is fully specified by four fields:

From the start price and threshold, two boundaries follow. For a $184.00 start and a 5% threshold, the upper bound is $193.20 and the lower bound is $174.80. Finish outside either one and MOVE wins.

Quotes are expressed in cents on the dollar. Buying 735.29 MOVE shares at 68¢ costs $500.00. If MOVE wins, those shares settle at $1.00 for $735.29 — a profit of $235.29. If MOVE loses, they settle at zero.

There are no Greeks, no strikes to pick and no time-decay curve to manage. The price is the probability.

Each asset carries several thresholds at once, and each one is its own market. Read together, they form a market-implied distribution of how far an asset is expected to move.

Trade the rung where your view differs from the market's. Open the NVDA ladder.

At expiry the settlement price is recorded and one number decides the market: the absolute percentage change from the start price.

start        $184.00
expiry       $197.44
|Δ|            7.30%
threshold      5.00%

7.30% ≥ 5.00%  →  MOVE wins  →  $1.00 / share

Ties resolve to MOVE: the condition is ≥, not >. Settlement is deterministic — no discretionary resolution step.

Scheduled events — earnings, CPI prints, FOMC decisions, product launches, index rebalances — are where magnitude is easiest to have a view on and direction is hardest. Event WICKs open ahead of the event and expire on the session that follows it.

Browse the event calendar.

Outcome shares can settle at zero. You can lose the entire amount you put into a position. Prices move with the market's view of volatility and with the time remaining, so a position can be worth substantially less than you paid before it ever reaches expiry.

Nothing here is investment advice, and WICK does not offer options, futures or securities.

This interface is a demonstration build. Market data, balances, positions and order flow shown throughout the app are illustrative and no funds move. Availability may be restricted in some jurisdictions.