Function: optionState()

function optionState(
   details, 
   totals, 
   now?): "pending" | "exercisable" | "redeemable" | "finished";

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

Returns

"pending" | "exercisable" | "redeemable" | "finished"