The “Covered Call” strategy assumes the trader is long exactly one unit of underlying asset after proceeds from selling their call.
Example: Underlying price = $500, Trader position in underlying before selling the call = $475 Short $700 call proceeds = $25 Trader positioning in underlying after short call proceeds = $500 (one whole unit)
RETURN CALCULATIONS
Absolute Yield: $25/$475 Annualized Yield: $25/$475 * (525,600 / minutes left until expiration)
The “Cash Secured Put” yield assumes the trader maintains enough cash on hand AFTER proceeds from selling the put.
Example: Trader’s cash position BEFORE selling put = $275 Short $300 Put Proceeds = $25 Trader cash balance
AFTER short put proceeds = $300 (100% cash secured)
RETURN CALCULATIONS
Absolute Yield: $25/$275 Annualized Yield: $25/$275 * (525,600 / minutes left until expiration)
RESPONSE DATA
| Field | Type | Description |
|---|---|---|
| payload.metadata.api-version | string | Version of the API. |
| payload.data[index].timestamp | string | This is the timestamp of dataset. |
| payload.data[index].instrumentNormalized | string | This is the standardized instrument name. |
| payload.data[index].expirationTimestamp | timestamp | This is the expiration date for the underlying instrument. |
| payload.data[index].strike | number | This is the instrument strike price. |
| payload.data[index].putCall | string | This is the flag for the instrument being a put or call. |
| payload.data[index].indexPrice | number | This is the spot market price at the time of the trade. |
| payload.data[index].markPrice | number | This is the instrument mark price. |
| payload.data[index].yieldStrategy | string | This is the type of yield strategy used. |
| payload.data[index].annualization | number | This is the annualizing factor used to scale the absolute yield into an annualized yield. This value is calculated by 525,600 /. minutes remaining to expiration. |
| payload.data[index].absoluteYield | number | This is the absolute strategy yield. The yield is based on a fully collateralized strategy, using the received premium as part of the collateral. |
| payload.data[index].annualizedYield | number | This is the strategy yield once annualized. |