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Discrere options trading strategy
The vault is an actively managed options strategy on BTC and ETH that aims to earn yield by selling options instead of betting on whether prices will go up or down. The vault tries to keep the overall exposure balanced so it’s mostly market-neutral, focusing on collecting option premiums and time decay (theta). Risk is managed by using liquid expiries, avoiding excessive leverage, and limiting exposure to very large market moves through a diversified mix of strikes and maturities.