Binance announced on October 15 the launch of covered-call and cash-secured-put strategies for its stock options, allowing eligible customers to collect premiums in exchange for share delivery or purchase obligations. Put sellers must lock the full USDC funds needed for the strike price in their funding account, with the premium credited separately without reducing this complete reserve. This approach conflicts with the September terms, which explicitly excluded writing and short positions. Nest Trading Limited routes orders to Alpaca Securities LLC for execution, clearing, settlement, and securities custody.
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