Get paid
to hold $NVDA.
Write a covered call on your shares or a cash-secured put with your USDG, and collect the premium today. Every option settles in cash at the market price on Friday.
What your shares could earn by next Friday.
A covered call about 5% above the price, expiring on the coming Friday at least six days out, valued from each stock's recent volatility. A model, not a quote: writers set their own premiums.
| Stock | Price | Volatility | Call strike, Oct 16 | Premium per share | On the share, 9 days | |
|---|---|---|---|---|---|---|
 NVDANvidia | … | … | … | … | … | Write |
 TSLATesla | … | … | … | … | … | Write |
 PLTRPalantir | … | … | … | … | … | Write |
 COINCoinbase | … | … | … | … | … | Write |
 MSTRStrategy | … | … | … | … | … | Write |
 AMDAMD | … | … | … | … | … | Write |
 METAMeta | … | … | … | … | … | Write |
 AAPLApple | … | … | … | … | … | Write |
 SPCXSpaceX | … | … | … | … | … | Write |
| SPYSPYS&P 500 ETF | … | … | … | … | … | Write |
 QQQNasdaq 100 ETF | … | … | … | … | … | Write |
 GLDGold ETF | … | … | … | … | … | Write |
Try a trade before you write it.
Pick a stock, a side, how far from the price and which Friday. The premium and the payoff update as you move.
Two ways to get paid.
Covered call
Lock 1 NVDA and write a call at, say, 5% above the price. You collect the premium now. If NVDA ends Friday below the strike you keep the share and the premium. If it ends above, the buyer is paid the difference in NVDA and you keep the rest.
Cash-secured put
Lock the strike in USDG and write a put at, say, 5% below the price. You collect the premium now. If NVDA ends Friday above the strike you keep all your USDG and the premium. If it ends below, the buyer is paid the difference out of your USDG.
How it works.
Write
Lock one NVDA share per call, or the strike in USDG per put, and set your premium. The listing goes on the board.
Get paid
When a buyer takes it, the premium lands in your wallet in the same transaction, less a 1% fee. It is yours whatever happens next.
Friday 20:00 UTC
The option expires. Anyone settles it with the last Chainlink price at or before the expiry. No pool price is ever used.
Claim
The buyer takes what the option is worth, the writer takes the rest of the collateral. One click each, in cash, no shares change hands on a pool.
Holding vs. writing a call.
| Holding NVDA | Holding NVDA and writing a call on Writ | |
|---|---|---|
| What you earn | Only the price move. | The premium now, plus the move up to the strike. |
| If NVDA drifts sideways | Nothing. | You keep the whole premium. |
| If NVDA rips past the strike | All of the rise. | The rise up to the strike, plus the premium. The rest goes to the buyer. |
| If NVDA falls | The full fall. | The full fall, softened by the premium you kept. |
| Your share | In your wallet. | Locked until Friday, then back to you with any gain above the strike paid out in NVDA. |
Risks, in plain words.
Capped upside on calls
A covered call gives away every dollar above the strike. In a week NVDA jumps 15%, the writer of a 5% call keeps only 5% plus the premium.
Buying the dip on puts
A cash-secured put pays out of your USDG when the stock ends below the strike. It is a promise to absorb that fall, paid for by the premium.
Buyers can lose it all
An option that ends out of the money pays nothing. The premium is gone. Only pay what you are ready to lose.
Settlement price
Settlement uses the last Chainlink round at or before Friday 20:00 UTC. If the stock's oracle is paused at that moment, settlement waits until it is back.
No early exit
There is no market to sell an option back before expiry yet. Unsold listings can be cancelled any time; sold ones run to Friday.
Control
The owner can set the fee (at most 3% of the premium) and where it goes, and has no function that moves collateral or payouts. The contracts are new and unaudited.
Questions.
What is one contract?
One share of the Stock Token. Sizes go down to 0.001, so a covered call on 0.1 NVDA works too.
Who sets the premium?
The writer. The board shows a model value next to every strike as a guide, from the stock's recent volatility. Buyers take the cheapest listing.
When do I get the premium?
The moment a buyer takes your listing. It is sent to your wallet in the buyer's transaction.
Can the result be gamed with the pool?
No. Nothing is bought or sold on a pool. The option settles on the Chainlink price, the same feed that prices the Stock Token everywhere.
What does Writ take?
1% of each premium, paid by the buyer's transaction. Nothing on writing, cancelling or claiming.