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Knockouts, live now

Pick a direction. Pick your leverage.

That's the whole trade. Wrong, and the knockout you picked is your max loss. Right on a real move, and you keep up to 95%.

Start trading now
Extreme capital efficiencyUp to 1000x leverage.
Execute at the chart price0 spread, 0 slippage.
Instant withdrawal of marginProfits clear through a public first-in, first-out settlement queue.
Flat fees$1 per lot, per side.

You already take this trade

Four traders, four contracts, one job: turn a small directional move into a large return on a small stake. Each one charges its own tax for that job. Knockouts delete the tax and keep one honest risk, the knockout you picked.

Expiry-day and 0DTE option buyers

You buy far out-of-the-money options for the fast move. Theta bleeds the premium while you wait, and IV crush eats the win when it comes. A knockout is the same convex shot with the clock deleted. Picking your leverage is picking your strike distance. No strike chain, no greeks, no expiry.

Option buying, without theta decay.

Scalpers

You hunt 30 to 100 bps moves, and the venue taxes every attempt: spread at entry, a fee on your full notional both ways, funding while you hold. Here the fill is the exact chart price, the cost is $1 a lot, and nothing accrues while you hold.

$1 in, $1 out. Nothing bleeds in between.

High-leverage CFD traders

You already run 400x on gold and forex, on a broker you have to trust blind. The leverage here comes with a published settlement log, and margin that never sits in anyone's queue. If a settlement ever waits, you can see exactly where it is in line.

The leverage, without the broker's word.

Turbo and CBBC traders

You already know knockouts, Hong Kong and Germany trade them at scale. These drop the issuer premium and the market maker's quote. The fill is the chart price, and the knockout level is yours to pick, not the issuer's to call.

The contract you know, minus the issuer.

On markets that actually move: BTC, ETH, SOL, gold, the S&P 500 and more.

Know everything before you enter

Contract note, before you click
Your fillthe chart price
Your sizeany size, no book to move
Your cost$1 flat, per lot per side
Your knockoutthe level you pick
Your max lossyour margin, never more
Your payouta published curve of the move

The payout curve rewards move size. It is shown on every contract, before entry.

Clearing and settlement, in the open

Every derivative has two sides, one pays the other, and we publish the reserve where that money sits in between. When it is funded, profit lands instantly. When it is low, it waits in a public first-in-first-out line you can watch, and your margin never waits in any line, close a trade and it is yours.

Watch how knockouts clear, live →

Clearing and settlement across Stride

The same shot, priced four ways

Stride knockouts0DTE optionsPerp scalpingOffshore CFDs
Cost to enter$1 flat a lotPremium, priced by IVSpread + a % fee on full notionalSpread, widens when it hurts
Cost of holdingNothing accruesTheta, every hourFunding, on scheduleSwap fees overnight
LeverageUp to 1000xImplicit in the strikeCapped near 100x400x, higher as gimmicks
Max lossYour margin, at the knockout you pickedThe premiumLiquidation, fees on topYour margin, on the broker's terms
ExpiryNoneThe clock is the contractNone, funding is the clockNone
You must be right aboutDirection and move sizeDirection, size, timing and IVDirection, before funding turnsDirection, and the broker paying

Percentage fees grow with your leverage. At 1000x, a 5 bps taker fee is half your margin, per side. A flat fee is the only pricing that survives the leverage.

Trade knockouts on Stride

A small stake, the exact chart price, a knockout you picked, and margin that is never trapped.

Start trading now