Type Alias: OptionState

type OptionState = "pending" | "exercisable" | "redeemable" | "finished";

Defined in: packages/overcast-core/src/types/index.ts:325

Where a MarketOption sits in its lifecycle — derived from its window and its OptionTotals by optionState, and surfaced on the curated option. The four states are exhaustive and mutually exclusive; each one names what the protocol will let a party do next:

• pending — the exercise window hasn't opened yet (now < startTimestamp); neither party can act.
• exercisable — inside the window with exercise claims left, so the taker can still exercise.
• redeemable — exercise is closed (expired, or every exercise claim burnt) and collateral-return claims remain, so the maker can redeem.
• finished — every collateral-return claim is burnt: both escrows are drained and nothing further can happen.