Binance stock put options lock full USDC reserves for sellers

Binance announced covered-call and cash-secured-put strategies on Oct. 15, allowing eligible stock-options customers to collect premiums while committing shares or USDC to a potential assignment.For put sellers, assignment means having to buy the underlying shares at the agreed price, even if their market value has fallen.A cash-secured put seller receives a premium for accepting that purchase obligation, and the agreed purchase price is the strike price. If the stock falls sharply, the premium offsets only part of the loss from buying at a price above the market.A covered-call seller commits shares already held and must sell them at the strike if assigned. That caps gains above the strike while leaving the seller exposed to stock declines.The linked September options terms exclude US persons, people located in the US, and accounts they beneficially own or control. They also flag possible restrictions in China, Hong Kong, the European Union, and other prohibited jurisdictions.According to Binance's new seller FAQ, put sellers must hold enough USDC collateral in the Funding Account to pay the strike price for every share covered by their contracts. The premium is credited separately...