Buy
Calls and puts on the tickers you already watch
Pay the premium, hold the right. Exercise any time before expiry or let it settle itself. Your downside is the premium, always.
Trade options on tokenized equities
Buy calls and puts on tokenized equities, or write them to earn premiums. Fully collateralized, settled on chain, open every hour of the week.
The primitive
An option is a promise. Ours is funded.
Every contract on PonsOptions is backed by collateral locked in the vault at the moment it is written. No margin calls, no liquidation engine, no counterparty to trust.
Write
Earn the premium
Deposit the shares or the cash, mint the contract, keep the premium the moment a buyer takes it.
TSLA 30D 440C+$16.67
NVDA 30D 195C+$9.42
AAPL 30D 260P+$5.18
Settle
Exercise is a transfer
A call pays the strike and takes the shares. A put delivers the shares and takes the strike. No price feed sits between you and your collateral.
Collateral
100% of the obligation, sitting in the vault
A written call holds the underlying. A written put holds the strike in USDG. The contract cannot promise more than it is holding, so assignment is a transfer, not a scramble.
The desk
Pick a strike. See the whole trade.
Premiums, breakeven, collateral and the payoff curve, priced live as you move across the chain.
CallsStrikePuts
Spot
Live Uniswap v4 pool, chain 4663
The other side
Hold the shares anyway? Get paid.
Writing is a deposit, not a loan. Your tokenized shares go into the vault, the contract mints against them, and the premium lands in your wallet the moment somebody takes the other side.
- DepositTokenized shares for a call, USDG for a put. The vault holds the full obligation.
- QuoteSet the strike and the expiry. The curve prices the premium from the volatility the pool has actually printed.
- CollectPremium settles instantly. If it expires out of the money, your collateral unlocks whole.
Vaultlocked
Coverage
0%
0Market hours
0Collateralized
0Taker fee
Questions
The parts worth reading twice
An ERC-20 on Robinhood Chain that tracks a listed stock and trades against USDG in a Uniswap v4 pool. PonsOptions never custodies the stock itself, only the token, and only for as long as a contract is open.
The writer posts the entire obligation up front. A call holds the underlying, a put holds the strike in USDG, for exactly the size written. There is no leverage, no maintenance margin, and no liquidation engine, because there is nothing to liquidate.
A millionth of a contract. Size is counted in millionths of a share, so a call on a $220 stock can be written for $2.20 of collateral, or two tenths of a cent, rather than the whole $220. Nobody has to find the price of a share to take a position.
No, and that is deliberate. The vault never reads a price. Exercising a call pays the strike in USDG and takes the shares; exercising a put delivers the shares and takes the strike. Settlement is a transfer between the two sides, so there is no feed to manipulate and no mark to dispute. Prices are read from the v4 pool only to quote premiums in this interface, where being wrong costs nobody their collateral.
A holder can exercise at any time before expiry, American style. After expiry the option is dead and the writer calls reclaim to take back every contract that was never exercised. Collateral cannot be stranded: it is either exercised against or it goes home.
The premium, plus a 0.30% fee taken from that premium, never from collateral. The contract caps that fee at 0.50% and the cap cannot be raised. Every offer is priced in a currency its writer chooses, USDG or the chain's own ETH, and both sit in the same book. Gas is paid in ETH. Writers pay nothing to write and nothing to reclaim.
Yes. The vault is deployed on Robinhood Chain at 0x4a79039EA0EB5d7059b1418c5545C6a6e55966DB and the app writes, buys and exercises against it. Every price here is read live out of the Uniswap v4 pool for that ticker, and the volatility behind each premium is measured from that pool's own swap logs, in your browser. The contract is young and unaudited, so trade sizes you are willing to lose. Nothing here is an offer, a solicitation, or investment advice.
Open the desk
Calls, puts, premiums and collateral, all in one place on Robinhood Chain.
Open the app