Deribit

XRP Options on Deribit: Covered-Call Strategy and Risks

XRP options on Deribit can be used to structure a covered-call approach for an existing XRP position. This article explains the strategy concept, how the trade works in practice, and the main risks involved.

In XRP terms, a covered-call structure begins with holding XRP or maintaining equivalent XRP exposure, then selling a call option against that position. The premium received is not a guaranteed return: it is exchanged for accepting capped upside if the option is exercised or assigned. Strike selection, expiration, and the ability to close or roll the position all affect the…