built · awaiting external audit
Options
The options hub for tokenized equities.
Get paid to wait.
The options ladder you already know — with tokenized stocks as the underlying. Written peer-to-peer on an options layer with no intermediary: every position is fully collateralized on-chain before it exists. No margin calls, no liquidation engine, no counterparty. First flow: covered calls on the SPCXSTR treasury's SpaceX.
fig. 02 — covered call, physically settled
Collateralized
100%
every position escrows its maximum obligation before it exists
Settlement fees
$0
exercise and settlement are fee-free by design — forever
Tests green
114
the core is small on purpose: no margin engine, no liquidation paths
01 — The ladder
Start where Robinhood taught you. Climb from there.
01
Covered calls
Escrow stock tokens, sell the upside you already planned to take. Premium in, fully collateralized, no margin ever.
02
Secured puts
Escrow cash, get paid to place the bid you already wanted filled. The accumulation leg, with income.
03
Buying calls & puts
Defined-risk exposure to tokenized stocks — your maximum loss is always just the premium you paid.
04
Defined-risk spreads
Verticals, condors, collars. Every structure collateralized at its maximum loss. No liquidations, no counterparty.
02 — Why it's different
Defined risk, defined rules.
Fully collateralized
There is no leverage anywhere in the system. An option that can't pay can't exist — every position escrows its maximum obligation before it's written.
Peer-to-peer
Makers write, takers fill. The protocol escrows and settles — it never takes the other side of your trade.
Physically settled, American
Exercise any time before expiry, and the stock tokens actually change hands. No cash-settlement oracle games.
Fee-free settlement, forever
Exercise and settlement carry no protocol fee, immutably — not a promo, a design decision.
03 — Why the wait
"Done" and "deployed" are different words here.
Options move real collateral, so the contracts stay dark until an independent external audit signs off. The code is finished and 114 tests are green — the deployment date is the audit's to set, not ours. No dates, no countdown.
Market maker or auditor? team@stockworks.fun
In development — nothing here is live yet, and details may change before release. Options involve risk and are not suitable for everyone. Nothing on this page is financial advice or an offer of securities.