[ HOW TO READ THIS ]
SELL HIGHER covered call
You hold SOL and pick a price above spot.
- triggers
- your SOL is sold at that price.
- doesn't
- you keep it.
BUY LOWER cash-secured put
You hold USDC and pick a price below spot.
- triggers
- you buy SOL at that price.
- doesn't
- you keep the USDC.
CHANCE OF TRIGGERING
The option's delta as a percentage: a rough guide to the odds that SOL is past your price on expiry day.
Not a limit order: only the expiry-day price counts.
Either way you keep the premium.