An option writer has the ability to cancel their option if it's in their wallet. The option writer will have likely minted the option and not listed it or repurchased it from the existing owner by making an offer on it.
The easiest way for the option writer to cancel the option and reclaim the underlying NFT is by going to the 'Profile' tab. They can then click 'Options' tab below the header and then click on the specific option's detail page.
Next, click 'Cancel and Reclaim'.
Possible Reasons for Cancelling Option:
- The option writer wants to sell the underlying NFT.
- The option writer wants to create a new option with a different expiration date and/or strike price.
Updated 4 months ago