i just started writing a long ass post on how to sell options on
@ryskfinance since the talk of the tl is now all about trading options
then realized im too old for this shit and not getting paid so here's a condensed version.
long story short, ive made over $370k since i started selling options on
@ryskfinance in August 2025. i use premiums from selling options as my personal income. i've been assigned maybe less than 10% of the time and have never taken a loss.
that means if i sold a put and had to buy hyperliquid:native at expiration, i have always been able to sell that hyperliquid:native for profit. if i sold calls and ended up having to sell it was either HYPE i bought as a trade, or the HYPE i got assigned from selling puts and was able to sell higher.
@DeriveXYZ is great if you know what you're looking at. you can buy and sell options, and all types of other strategies.
Rysk simplifies SELLING OPTIONS (and more strategies coming) for the people that are too lazy to really look into what they're seeing on more complex UI's like Derive. and the main reason i choose to sell options on Rysk is because they do physical settlement.
to put it simply that means that if i sell a $74 hyperliquid:native put, and HYPE is under $74 at expiry, the market maker takes my collateral and sells me HYPE tokens at $74.
on Derive, if you sell a $74 put and HYPE is under $74 at expiry, you just have a negative PnL. no delivery of hyperliquid:native tokens to your wallet that you can later sell for profit. this is called cash settlement.
heres a rundown anyway on how selling options work.
choose an asset, expiration date, and strike price. you get paid your USDC/USDT (premium) upfront, right away, straight to your wallet, and Rysk holds your collateral until the expiration date.
on the expiration date you either receive your collateral back or you receive the asset you sold the option for. in both cases you always keep your premium earned.
for example, if you sold a $74 put on hyperliquid:native, you are telling the market maker that you want to buy hyperliquid:native at $74 on this date if HYPE is UNDER $74. if its over $74 you get your collateral to buy the HYPE back but you got the premium which is your yield for depositing until the expiration date.
for calls its the same but instead of depositing USDC, you deposit your hyperliquid:native. instead of buying you would be selling your HYPE if the price of HYPE is OVER the strike price you chose.
for example: HYPE is currently $82, I sell a $100 call that expires september 25th. this means that if HYPE is OVER $100 on September 25th at the time of expiration then I will SELL all of the HYPE i put up for collateral at $100. even if it is $110, i still sell at $100.
this post still ended up being long smh.