Use cases

Buyer side

If you are bullish on a NFT project and are convinced that its value is going to increase over the time, you can decide to buy a call option without having to lock too much liquidity and take too much risk.

The call option allows you to either “lock” the buying price of a NFT for a specified period of time or take a simple bet on the increase of a NFT collection floor price, therefore you don't have to buy the NFT itself but can pay a premium for the option instead.

Best case scenario: You’re buying a NFT below its current floor price ("strike price") or earning money ("current floor price of the underlying asset (NFT)" - "strike price") thanks to your successful bet.

Worst case scenario: You lose your premium.

Seller side

If you are bearish on a NFT project and are convinced that its value is going to stay even or decrease over the time, you can decide to sell a call option.

The call option allows you to earn money (through the premium) while taking a bet on the decrease of a NFT collection floor price.

Best case scenario: You’re keeping your collateral (NFT/cash (SOL)) and earning money thanks to the premium.

Worst case scenario: Buyer activates the option, you’re either selling your NFT for “Strike price” + “Premium” so higher than the floor price at the time when you sold the option, but below the current floor price or losing part of (or all) your collateralized cash (SOL) ("current floor price of the underlying asset (NFT)" - "strike price").