#termmax Driven by market sentiment, the crypto market is broadly up. Everyone is looking for yield opportunities, and the TermMaxFi Alpha NVDAB dual-direction product’s 121% APY is indeed quite good.
For products like this, I don’t look at the annualized rate first. I prioritize two most tangible figures: how many days are left until expiry, and how far the strike price is from the current price.
This batch of dual-direction positions on the BNB Chain expires on August 21. With only 2 days left, the official stated APY is over 50%, and there’s also a 60x AP mentioned. In the same batch, MUon and AAPLon also expire on that date. The current price of NVDAB is roughly 217–218, and the strike price is 240—about a 10% gap.
The logic is: deposit NVDAB to provide liquidity on the Call side. If the settlement price exceeds 240 at expiry, the assets are settled into USDT at 240, and you also receive the option premium. If it doesn’t exceed 240, you keep holding the coin, and you still receive the option premium.
To put it simply, that 121% high yield, in essence, comes from giving up the upside potential above 240 in exchange for the premium income.
If you really want to get in, first ask yourself: in two days, if it truly rises to above 240, would you be willing to sell at that price? Once you’ve thought that through, then we can discuss whether the yield is worth it. If you haven’t figured that out, don’t rush just because the numbers look great.
@TermMaxFi #TermMax
For products like this, I don’t look at the annualized rate first. I prioritize two most tangible figures: how many days are left until expiry, and how far the strike price is from the current price.
This batch of dual-direction positions on the BNB Chain expires on August 21. With only 2 days left, the official stated APY is over 50%, and there’s also a 60x AP mentioned. In the same batch, MUon and AAPLon also expire on that date. The current price of NVDAB is roughly 217–218, and the strike price is 240—about a 10% gap.
The logic is: deposit NVDAB to provide liquidity on the Call side. If the settlement price exceeds 240 at expiry, the assets are settled into USDT at 240, and you also receive the option premium. If it doesn’t exceed 240, you keep holding the coin, and you still receive the option premium.
To put it simply, that 121% high yield, in essence, comes from giving up the upside potential above 240 in exchange for the premium income.
If you really want to get in, first ask yourself: in two days, if it truly rises to above 240, would you be willing to sell at that price? Once you’ve thought that through, then we can discuss whether the yield is worth it. If you haven’t figured that out, don’t rush just because the numbers look great.
@TermMaxFi #TermMax