I sAt down and mapped out a covered call position on @TermMax just to see the numbers properly, not just the pitch. Hold 10,000 USD of a tokenized stock position, write a 30-day covered call at a 2% premium, and that's 200 USD collected upfront the moment the option sells. Physical delivery is what makes that clean..... if the option gets exercised, the actual shares change hands, no cash-settlement mismatch to untangle afterward.
Run that same structure back to back for a year and 2% every 30 days compounds toward roughly 24% annualized, on paper. Real markets don't hand you the same premium every cycle though, so that number is a ceiling, not a promise.
What I don't know yet is how premium pricing holds up once volume moves past a handful of Binance Alpha token markets into something broader and more competitive.
I'm watching realized premium against that theoretical 24% over several real expiries, not a single snapshot. #TermMax @TermMax
#termmax @TermMax
Run that same structure back to back for a year and 2% every 30 days compounds toward roughly 24% annualized, on paper. Real markets don't hand you the same premium every cycle though, so that number is a ceiling, not a promise.
What I don't know yet is how premium pricing holds up once volume moves past a handful of Binance Alpha token markets into something broader and more competitive.
I'm watching realized premium against that theoretical 24% over several real expiries, not a single snapshot. #TermMax @TermMax
#termmax @TermMax