Vaults write covered calls and cash-secured puts every week and pay the premium to depositors. No strike to pick. No expiry to manage. No interface to learn.
Everything below runs on a seven-day clock. You hold a vault token; the vault does the writing, the auctioning, the settling and the rolling.
A vault that writes the same size, on the same day, to a transparent order book is a standing invitation. Market makers know the flow is coming and price it in — every single week. That leak is a permanent tax on your premium.
Writing options is not free money — it is selling insurance. The premium is the fee for taking a defined risk, and the risk fits in three sentences.