Binance Launches Covered Call and Cash-Secured Put Option Selling Strategies

According to an official announcement from Binance, Binance has officially launched Covered Call and Cash-Secured Put seller options strategies as the latest expansion of its TradFi product line. The Covered Call strategy allows users holding the underlying stock to sell call options and collect premium upfront; if the option is exercised, the stock is sold at the strike price. The Cash-Secured Put strategy requires users to sell put options while freezing sufficient USDC, and if assigned, they must purchase the underlying stock at the strike price. Both strategies support limit orders only, with trading hours from 9:30 AM to 4:00 PM ET, physical settlement, and execution and custody handled by Alpaca Securities LLC. Users must complete an options suitability test and sign a disclaimer before they can start trading.