# Myso Options

Options are derivatives that provide the right, but not the obligation, to buy or sell an asset at a predetermined strike price on or before a set expiry date. **Myso Options** can be structured in two fully collateralized formats:

* **Covered Calls** — the seller holds the underlying asset and earns a premium by giving up upside beyond the strike price.
* **Cash-Secured Puts** — the seller posts cash collateral and earns a premium while committing to buy the asset at the strike price if exercised.

<figure><img src="/files/7gFkomAYdCNf7bhVZV92" alt="" width="563"><figcaption></figcaption></figure>

Myso Options enable:

* **Wide Token Support**\
  From blue-chips to alt-coins, options can be written on a broad ERC-20 asset universe with customizable strike prices and expiries.
* **On-Chain Settlement**\
  Settlement occurs directly on-chain, ensuring transparency, security, and removal of counterparty risk.
* **Deep Liquidity**\
  A neutral venue structure enables cross-firm liquidity, giving market participants competitive pricing without the need to onboard multiple trading desks.

Learn more about ***Covered Calls*** and ***Cash-Secured Puts*** [HERE](https://enzyme.finance/myso-options).


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