Strike.

Covered calls · pump.fun · Raydium · Stonkfun · SOL settled

Name your strike.

Covered calls on pump.fun, Raydium and Stonkfun coins. Writers lock the bag and get paid up front. Buyers pay a premium for the right to the upside. Settled in SOL on Solana.

Coins on the board
18483 pump.fun · 44 Raydium · 57 Stonkfun
24h pool volume
1.34M SOL$132.88M
Trades 24h
1.92Macross every pool
Calls on the book
0be the first writer
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When a holder writes a covered call it appears here within seconds. Be the first — your tokens stay in escrow and you keep the premium if it expires.

Create a call

How it works

One contract. Two sides. Fully collateralized.

  1. Writer locks tokens

    A holder picks a pump.fun, Raydium or Stonkfun token, quantity, strike, premium and expiry. The full quantity moves into the escrow on Solana.

  2. Buyer pays the premium

    A buyer pays SOL for the right — not the obligation — to buy the escrowed tokens at the strike any time before expiry.

  3. Exercise is atomic

    Strike SOL goes to the writer and the escrowed tokens go to the buyer in one transaction. No backend can authorize or block it.

  4. Expiry returns collateral

    If the call is never exercised, the writer reclaims the tokens on-chain after the clock runs out and keeps the premium.

Read the full mechanics and risk disclosure →

Worked example

$DOG at 0.000001 SOL · 100,000 DOG call

Illustrative
Strike
0.0000015 SOL / DOG
Premium
0.01 SOL
Expiry
1 hour
Exercise cost
0.15 SOL
If DOG → 0.000002 SOL
+0.04 SOL buyer
If it expires
−0.01 SOL buyer
nowK $0.0000015BE $0.0000016$0.0000002$0.0000033
Buyer P&L at expiry Writer vs. holdingMax buyer loss $0.01

Profit shown before network fees and slippage. The writer keeps the 0.01 SOL premium in both outcomes but gives up every lamports of upside above 0.0000015 SOL and keeps all downside on the 100,000 DOG.