Function: optionState()
function optionState(
details,
totals,
now?): OptionState;
Defined in: packages/overcast-core/src/curation/lifecycle.ts:53
Derive an option's OptionState from its window and its running
OptionTotals. now is unix seconds — the same unit as
OptionDetails.startTimestamp / endTimestamp — and defaults to the
local clock.
The thresholds mirror the on-chain guards: exercise_option requires
start <= now <= end and burns exercise claims from a supply that starts at
collateralAmount; redeem_option requires expiry or a fully exercised
option, and burns collateral-return claims from a second supply of the same
size. Both instructions additionally require the option's borrowed collateral
to be repaid, which this state deliberately ignores — it is derived from the
window and the totals alone — so an option with an outstanding borrow reads as
exercisable / redeemable here even though the program will reject the call
until the borrow is settled. Callers that need to gate on it should check
MarketOption.borrowedCollateral alongside the state.
Parameters
| Parameter | Type |
|---|---|
details | OptionDetails |
totals | OptionTotals |
now | number |