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Options on Robinhood Chain: calls and puts
Buy calls and puts on meme coins that trade on Robinhood Chain and on tokenised stocks: AAPL, AMD, AMZN, BABA, COIN and CRCL. Every contract is cash settled in ETH and the house is the counterparty. Connect a wallet, deposit ETH and trade from your platform balance. Pick a strike from the ladder around spot, pick an expiry from 1 hour to 7 days, and pay the premium. The premium is the most you can lose. Sell the contract back any time before expiry, or hold it and it settles at the spot price. Withdraw your ETH back to your wallet whenever you want.
Ready to trade?
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How an option trade works
Four steps from idea to payout. No order book and no one to match with, the house takes the other side of every contract.
Pick a direction
Pay the premium
Sell back any time
Or hold to expiry
Buy a call if you think the price goes up, a put if you think it goes down. Choose a strike from the ladder around spot and an expiry of 1h, 4h, 1d, 3d or 7d.
The premium comes out of your platform balance. Size runs from 0.005 to 5 ETH notional, and the premium you pay is the most you can lose on the contract.
Changed your mind or already in profit? Sell the contract back before expiry at fair value minus the spread. The ETH goes straight back to your balance.
Hold it and the contract cash settles at the spot price when it expires. A call pays at most 10x notional. If it expires worthless, you lose the premium and nothing more.
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Close early or hold
Sell back or settle, you decide...
What happens after you buy? Every option has two exits. Sell it back to the house before expiry, or hold it and let it cash settle at the spot price. Either way, your loss is capped at the premium you paid.
Hold: let it settle
02Do nothing and the contract settles itself at expiry.
Sell back: close it early
01Take the profit or cut the loss before expiry. You decide when.
Hold: let it settle
02Do nothing and the contract settles itself at expiry.
Ready to trade?
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Markets, expiries and contract terms
Options are open on meme coins that trade on Robinhood Chain and on six tokenised stocks priced by Chainlink feeds. Buy a call or a put on any of them, at any strike on the ladder. What you can trade, and the terms of every contract:
Contracts and underlyings
Calls
Puts
Meme coins on Robinhood Chain
AAPL
AMD
AMZN
BABA
COIN
CRCL
Strike ladder around spot
Expiries, pricing and payout
Expiry: 1 hour
Expiry: 4 hours
Expiry: 1 day
Expiry: 3 days
Expiry: 7 days
Strikes laddered around spot
Black-Scholes pricing
300% implied vol on meme coins
50% implied vol on stocks
10% house spread
Size 0.005 to 5 ETH notional
Premium paid from your balance
Max loss is the premium
Calls pay at most 10x notional
Sell back before expiry
Or cash settle at spot
Paid to your platform balance
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How premiums are priced
Every premium is priced with Black-Scholes. The inputs are the spot price, the strike, the time left to expiry and implied volatility. Meme coins use 300% implied volatility and tokenised stocks use 50%, so a meme coin option costs more than a stock option with the same strike distance and expiry. A 10% house spread sits on top of fair value. You pay fair value plus the spread when you buy, and you get fair value minus the spread when you sell back before expiry. Meme coin prices come from DexScreener, with GeckoTerminal as fallback, and stock prices come from Chainlink feeds. Hold to expiry and the contract cash settles against the spot price at that moment.
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Your loss is capped at the premium
When you buy an option, the premium is the whole risk. There is no margin call, no liquidation and nothing more to pay if the market moves against you. The upside on a call is capped at 10x notional, and every contract ends in ETH, either sold back before expiry or cash settled at the spot price.
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Calls pay at most 10x notional
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Cash settled at spot on expiry
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Max loss is the premium you paid
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Max loss is the premium you paid
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Calls pay at most 10x notional
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Cash settled at spot on expiry