DeFi Platform Opyn Launches Put Options on Compound Token

Opyn is offering a put option on COMP at the strike price of $150, which will expire on July 3. While exercising the put option, the purchaser will send oTokens back to Opyn along with COMP (because oToken is the “right to sell COMP at 150”) and will receive 150 USDC in return.

A trader with a bearish view on COMP can just buy put options at the available strike price of $150. DisclosureThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

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