The buyer takes the lot.
The buyer pays the agreed strike in USDG. The seller receives the strike plus the premium.
ROBINHOOD CHAIN · PUBLIC TESTNET
Sell the right.
Set the price.
Turn a Stock Token lot into a covered call. Set a strike, collect a buyer-funded premium if a buyer arrives, and let them choose whether to exercise before expiry.
Explore the appSELLERStock TokenLocked in the contract
STRIKE · PREMIUM · EXPIRY
BUYERPurchase rightExercisable until expiry
One lot. Two outcomes.
The lot stays covered while the buyer’s right is active. The option premium remains in escrow until the position resolves.
The seller takes it back.
If the buyer does not exercise, the seller reclaims the Stock Token lot and receives the premium.
Terms chosen by the seller.
Execution chosen by the buyer.
No price feed decides the outcome. The buyer acts before the deadline or the option expires. A change to the Stock Token’s corporate-action multiplier instead enables cancellation and a premium refund.