Getting set up + FAQ
What you need
- A wallet that works on Robinhood Chain.
- USDG, if you're buying options or writing puts.
- Tokenized stock, if you're writing calls against it.
- A few cents of ETH for gas. Robinhood Chain settles in a fraction of a second for a fraction of a cent — this isn't the expensive part of your day.
Connecting
Open Plume, connect your wallet, and confirm you're not located in a restricted jurisdiction. That confirmation is a one-time step, not a recurring interrogation. From there, Earn and Trade are both one tap away.
FAQ
Do I need to understand strikes, deltas, or implied volatility to use this?
No. The one-click flows pick sensible defaults for you. Everything technical is optional, tucked behind an "Advanced" toggle for anyone who wants to hand-pick a strike or set their own price.
What happens if I just… forget about a position?
Nothing bad. If you never touch it, Friday settles it automatically at the official price, and any payout you're owed sits there, claimable whenever you next open the app. Forgetting costs you nothing beyond whatever the trade itself was always going to cost.
Can I lose more than I put in?
No, in either role. As a buyer, your max loss is the premium you paid, always. As a writer, everything you might ever owe was already locked before your option could be sold — there's no way for the number to grow past what you locked.
Why did my call pay out in stock instead of cash?
That's how calls work here: the payoff is delivered in the underlying stock token, since that's literally what a call gives you the right to. Puts pay in USDG, since a put is about locking in a cash price. If you'd rather have cash from a call, sell the stock tokens you receive — a separate, simple step.
What's the difference between exercising and selling?
Exercising is instant and guaranteed, using the live oracle price, and needs no buyer. Selling requires a market to exist for your specific option, but when it does, it usually pays a touch more, because it includes the time value exercising leaves behind. Full detail in Exiting.
Is there a catch to the "one-click" premium?
The number you're shown is a model estimate, not a promise pulled from thin air — it's computed from the asset's own price history and known upcoming events like earnings. It can be wrong, the way any estimate can be wrong. If it's wrong in your favor as a writer, your offer just won't sell as fast. If it's wrong against you, you can always adjust it manually before confirming.
What if the price feed is down when I want to exercise?
Exercise needs a recent price to calculate your payout correctly, so it briefly pauses if the feed hasn't updated recently — this is uncommon and short-lived. Nothing about your position changes while you wait, and the button works again the moment a fresh price arrives.
Who can settle a series after expiry?
Anyone. This is intentional — it means a position never gets stuck just because its owner stepped away. You don't need to be the one who triggers it, and you don't need to trust that someone else will either; it happens automatically in practice, and you could do it yourself if you ever wanted to.
Where do I check the contracts myself?
Every deployed contract is verified and readable on the block explorer. If you want the mechanics rather than the summary, How Plume works is the other half of these docs.