Earning

If you hold tokenized stock and you're not planning to sell it this week, Plume pays you for that patience.

The one-click version

Open Earn, pick an asset you hold, and enter an amount. That's the input. Plume picks a strike (usually a bit above the current price, tuned to move only about one time in six), computes a fair premium from live market data, and shows you one summary screen before you confirm anything:

Lock 10 NVDA → Earn ~$7.70 this week (≈27% annualized)
If NVDA closes above $160, your upside is capped there.
You keep the $7.70 either way.

Confirm, approve in your wallet, and your tokens lock. Your offer appears on the board. The moment someone buys it, USDG lands in your wallet — yours to keep, no matter what happens next.

A protocol fee is taken from the premium before it reaches you, shown on the same confirmation screen, before you commit to anything. It's how Plume sustains itself; there's no separate bill later.

The trade-off, honestly

Writing a covered call means giving up the stock's gains above your strike, for one week, in exchange for guaranteed cash now. That's the whole deal. If NVDA goes to $300, Maria still only gets paid up to $160 — the rest of that upside belonged to the buyer, because he paid for it.

This isn't a hidden cost. It's the price of certainty. If you want unlimited upside on a stock you own, don't write a call on it that week — simple as that, and Plume never locks you into repeating a trade.

Calls and puts are two doors to the same job

Covered calls: you hold the stock, you sell the upside, you collect premium. Good when you're happy holding but wouldn't mind selling if the price runs.

Cash-secured puts: you hold USDG, you sell the promise to buy at a lower price, you collect premium. Good when you'd be happy owning the stock, but only at a discount.

Priya runs both, back to back. She writes a put on NVDA at $145 — locks $1,450 in USDG, collects about $25. If NVDA stays above $145, the put expires and she keeps her cash and the $25. If NVDA dips to $145 and gets exercised against her, she now owns NVDA — bought at the price she chose, plus that $25 cushion. Now she's a holder, so she switches doors: she writes a covered call against the NVDA she just picked up. Puts to get in, calls to get paid while she holds, calls to get out if it runs. Traders call this the wheel. On Plume, it's just tapping Earn twice.

When a buyer exercises against you

You might see your position marked partially assigned before Friday even arrives — that's a buyer choosing to exercise early. Nothing to worry about, and nothing to do. You keep every cent of premium you were paid. What changes is which of your locked collateral gets released and when: assignment settles your share of the payout immediately, at the current price, so your capital frees up sooner rather than sitting locked until Friday for no reason. If you were writing against several buyers, assignment is split proportionally across everyone who wrote that series — nobody's exposure depends on being first or last in line.

Getting out early

Changed your mind before Friday? You can buy your own option back on the open market and cancel your obligation on the spot — your remaining collateral unlocks immediately. It costs whatever the option is worth right now, which is the honest price of changing your mind. If you haven't been bought from yet, cancelling unsold offers is free and instant, any time.