THE RESEARCH DESK

Follow the evidence.
Understand the edge.

Historical executions, pricing patterns, and the context behind the yield.

YOUR RESEARCH SET

Past executions. Better questions.

Compare trade activity, historical premiums, and price volatility.

Historical executions Previous closing prices Calls + puts
Based on recorded trades
Observed Notional
 
Premium
 
Premium Yield
premium / strike notional
Annualized Yield
 
Avg Trade Duration
entry to expiry, weighted by trade size
Window
Chain
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Protocol Flow
See which assets account for the most trading activity
CAPITAL ROTATION

Trading Activity Over Time

Daily trade size by asset (UTC). Notional is strike price multiplied by option quantity.

Building notional stream…
STRATEGY MIX

Strategy Share Over Time

Share of covered calls and cash-secured puts each day. Choose trade count or trade size (notional). The badge summarizes the selected period.

Building strategy mix…
CAPITAL EFFICIENCY

Premium Efficiency

Premium yield by asset; bubble size is observed notional.

TERM STRUCTURE

Annualized Yield by Trade Duration

Compare annualized premium yields by days from trade entry to expiry. Values account for trade size and duration.

Return Activity
Do option sellers come back—and how often?
MONTHLY COHORTS · VERIFIED POSITION OWNERS

From first trade to repeat activity

Each row begins in a trader’s first observed option-sale month. Month 2 is the next calendar month. Full stored history; the Chain filter applies, the Window filter does not.

Recovering cohort data…

Darker cells = higher return rate · * Partial calendar month · † Incomplete attribution · — Not yet observed · … Recovery pending · Limited history is withheld

Coverage and methodology

Trader Activity
Anonymous participation patterns, premium yield, and concentration
VERIFIED POSITION OWNERS

Trader activity

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APR SEGMENT COMPARISONShare of observed notional by annualized entry yield
NOTIONAL LEADERSTop 10 by observed notional
PREMIUM LEADERSTop 10 by premium collected
PREMIUM YIELD BANDSWeighted annualized yield at entry
REPEAT ACTIVITYParticipation across the selected window

Limited-history shares are withheld and are not redistributed across the visible segments.

ACTIVITY CONCENTRATIONShare generated by the leading percentage of anonymous traders
Coverage and methodology

Historical Premium Surface
Translate a target strike into an observed annualized-yield benchmark
HISTORICAL TRADES

Strike Target Lab

“If the asset price is $60 and my call strike is $63, what did similar trades earn?”

Historical benchmark
Strategy
Enter a reference price and target strike.
YOUR TARGET
Waiting for historical surface
Annualized yield
Median annualized yield
Premium yield
Avg trade duration
— observed executions
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How to read this: Strike distance is measured from the asset’s previous daily closing price on Hyperliquid. Yields are historical comparisons, not live quotes or guaranteed returns. Average duration is weighted by trade size.

Price Volatility
Compare realized volatility across the protocol's core underlyings
REALIZED VOLATILITY

HYPE / BTC / ETH

How much daily closing prices varied, expressed as an annual rate. Choose the number of days used in each calculation.

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Yield Mix
Compare every covered call and cash-secured put on the same strike-notional basis
STRATEGY MIX

Yield by Strategy

Premium as a percentage of trade size. This measures premium income, not total profit after settlement.

ASSET SCORECARD

Most Traded Assets

Ranked by protocol notional in the selected window.