Binance has opened up the other half of stock options—and this time, it’s on the side collecting the premium. The announcement went live at 18:00 last night, launching two seller strategies: Covered Call and Cash-Secured Put.
With a Covered Call, you hold shares and sell call contracts against them, collecting the premium upfront. The trade-off is clear: if you’re assigned, you hand over the shares at the strike price, and you don’t get to keep any gains above it.
A Cash-Secured Put works the other way around: you set aside cash and wait to buy shares at a specified strike price, while collecting the premium upfront. The sharper the drop, the more you may have to make up.
The collateral rules are strict. Covered Calls lock up shares, based on the number of contracts multiplied by the contract multiplier. Cash-Secured Puts lock up USDC, with the amount also multiplied by the strike price. Only limit orders are available—no market orders—and collateral stays locked until the position is closed, expires, or you’re assigned. Trading hours follow the US stock market: 9:30 a.m. to 4:00 p.m. Eastern Time.
The scale is what stands out. Figures in Binance’s pinned post show that the Binance stock tokens with a “b” suffix have more than $1 billion in assets under management, and that over $6 billion worth has been converted between them and the underlying stocks, on a 1:1 basis with no fees. This is no longer a story that depends on attracting new users.
The announcement’s disclaimer spells things out more clearly: Nest Trading Limited acts only as an introducing broker, while orders are routed to Alpaca Securities LLC for clearing and custody. Binance does not handle or custody securities. The account is with Binance; the securities side is not.
The announcement also lists the requirements: pass an options suitability quiz, then sign the disclaimer. Binance’s official English-language account reposted the news this morning, drawing 66,000 views in one hour.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance
With a Covered Call, you hold shares and sell call contracts against them, collecting the premium upfront. The trade-off is clear: if you’re assigned, you hand over the shares at the strike price, and you don’t get to keep any gains above it.
A Cash-Secured Put works the other way around: you set aside cash and wait to buy shares at a specified strike price, while collecting the premium upfront. The sharper the drop, the more you may have to make up.
The collateral rules are strict. Covered Calls lock up shares, based on the number of contracts multiplied by the contract multiplier. Cash-Secured Puts lock up USDC, with the amount also multiplied by the strike price. Only limit orders are available—no market orders—and collateral stays locked until the position is closed, expires, or you’re assigned. Trading hours follow the US stock market: 9:30 a.m. to 4:00 p.m. Eastern Time.
The scale is what stands out. Figures in Binance’s pinned post show that the Binance stock tokens with a “b” suffix have more than $1 billion in assets under management, and that over $6 billion worth has been converted between them and the underlying stocks, on a 1:1 basis with no fees. This is no longer a story that depends on attracting new users.
The announcement’s disclaimer spells things out more clearly: Nest Trading Limited acts only as an introducing broker, while orders are routed to Alpaca Securities LLC for clearing and custody. Binance does not handle or custody securities. The account is with Binance; the securities side is not.
The announcement also lists the requirements: pass an options suitability quiz, then sign the disclaimer. Binance’s official English-language account reposted the news this morning, drawing 66,000 views in one hour.
#中本聪国际社区Baoluo币商资本 #币安推出BinanceIntelligence #Binance