#币安双币理财
Binance sell put for staggered investment, is it really reliable?
Has anyone in the group experienced it and can share their thoughts?
Currently testing with a small amount:
I have a few doubts:
1. BN's European options are cash settled, not American options. If exercised on the expiration date, do I receive the delivery? Generally, is it through placing an order for delivery, closing the position once received, or do I wait until the expiration date to place an order to buy?
2. If there is a significant drop at expiration, far below the strike price, and liquidity collapses, with implied volatility skyrocketing, will there be any additional losses? Are there other extreme tail risks? Will the actual cost be higher than simply buying (relative to the strike price)?
Looking at the complex derivative tools always instills a sense of awe.
For ordinary retail investors, dual currency wealth management might be simpler and more straightforward, at the cost of accepting Binance's commission which reduces some premium income.
Experts may look down on dual currency, as it lacks flexibility and makes it difficult to combine various supporting tools.
