OPTIONS ON STOCK TOKENS
Got a view on price? Buy an option, set your own terms, or explore a strategy for your tokens.
FOR THE MERRY MANY.
Choose a call for a rise or a put for a fall. Take a quote that fits your view.
You can lose the premium.
Choose a call or put, your size, strike and an available expiry. Let makers respond.
A quote is not guaranteed. You can lose the premium.
A strategy for your tokens, built around your chosen strike.
Capital is at risk. Income and token exposure vary.
Both offer calls and puts, with any payout in USDG. You can lose the premium. RFQ does not guarantee a better price.
Physically settled options exchange tokens and payment when exercised. The buyer has the right to buy or sell at the agreed price; the seller takes the other side.
The Wheel strategy sells options around your chosen strike. Its token mix changes as the market moves. Strategy deposits are a separate path from buying an option.
Open WheelCapital is at risk. Income varies and token exposure can change.
Not sure where to start?
Compare the paths ↓THREE PATHS. DIFFERENT PURPOSES.
| Your choice | 0DTE / OptionBook | RFQ | Wheel |
|---|---|---|---|
| What you choose | An available dated option | Your terms for a dated option | A token and strike for the Wheel strategy |
| How you get a price | Browse maker quotes | Ask makers to respond | Review option or strategy terms |
| How options settle | Any payout is in USDG | Any payout is in USDG | Token exchange, if exercised |
| Capital you put in | Option premium | Premium reserve + any agreed top-up | Tokens deposited into the strategy |
| Keep in mind | Premium at risk | Funded requests can settle automatically | Capital at risk; exposure can change |
For 0DTE and RFQ calls, the payout stops increasing when the token reaches twice the strike. Puts pay as the token falls below the strike.