Binance stock put options lock full USDC reserves for sellers

Binance announced covered-call and cash-secured-put strategies on Oct. 15, allowing eligible stock-options customers to collect premiums while committing shares or USDC to a potential assignment. For put sellers, assignment means having to buy the underlying shares at the agreed price, even if their market value has fallen. A cash-secured put seller receives a premium for accepting that purchase obligation, and the agreed purchase price is the strike price. If the stock falls sharply, the premium offsets only part of the loss from buying at a price above the market. A covered-call seller commits shares already held and must sell them at the strike if assigned. That caps gains above the strike while leaving the seller exposed to stock declines.

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