Trade what happens next.

The options market for tokenized stocks. Pick a stock, a direction, a target and an expiry — pay the premium, and that premium is your maximum loss.

Build a contract Robinhood Chain
Underlying
Direction
Targetvs spot
Expiry

Stocks let you trade the price. Options let you trade what happens next.

A dedicated onchain options market for AAPL, NVDA, TSLA, META, AMZN and more — with the mechanics of an exchange and the flow of four choices.

The shape of a long call

Losses stop at
the premium.

Pay the premium and your downside is fixed at what you paid. Beyond the strike, the contract picks up intrinsic value and keeps going. Puts are the same shape, mirrored.

Below strike — premium paid Strike Intrinsic value

The market

Five primitives
01

Calls & puts

Trade upside or downside on the same underlying, from the same book.

02

Multiple strikes

Choose exactly the price level you want exposure to, not a level chosen for you.

03

Multiple expiries

1D, 1W, 1M and longer-dated markets, side by side on one chain.

04

Sell options

Write contracts against collateral and collect the premium instead of paying it.

05

Exercise & settle onchain

Contracts settle against the underlying tokenized stock or index price. No broker in the middle.