Options Market
Browse and purchase covered call options on sBTC
BTC Price
—
Vault TVL
— sBTC
Options Sold
—
Total Volume
— sBTC
How It Works
1
Deposit sBTC
Deposit into the vault to earn yield from option premiums
2
Options Created
Each epoch, covered call options are created with a strike price
3
Buy an Option
Pay a premium in sBTC to get exposure to BTC upside
4
Settlement
At expiry, ITM options pay out the difference. OTM options expire
Quick Reference
OTM
Out of the Money — BTC below strike. Option expires worthless.
ITM
In the Money — BTC above strike. Buyer profits from the difference.
Strike
Target price. If BTC exceeds this at expiry, the option is ITM.
Premium
Cost of the option. Paid in sBTC, goes to vault depositors as yield.
Collateral
sBTC locked per option. Determines the maximum payout if ITM.
Protocol
NetworkStacks Mainnet
TokensBTC (mock)
StrategyCovered Calls
Epoch Duration~7 days
Management Fee2%