ETH Option combinations

Just a engineering idea

There are common options combinations that allow to easily get exposure with limited risk/return:

Examples

1) Short strangle: sell PUT-3200-ETH & sell CALL-3800-ETH for monthly options
Receive premiums two times: 6%+6% =12%
Profit zone if ETH is between: 2750-4200
Max profit: 10%
Max loss: unlimited

If ETH price stays between 2750-4200 strategy makes profit, otherwise loss

2) Covered collar: buy PUT-3200-ETH & sell CALL-3800-ETH for monthly options + holding ETH
*Pay one premium and receive another premium: -2%+7%=5% *
Profit zone if ETH is between: 3000-4000
Max profit: +5%
Max loss: -5%

If ETH price stays between 3000-4000 strategy makes profit exactly like holding ETH, outside this range losses and profits are limited to 5%

3) many other combination of vanilla options…

This options combinations can be deployed as a single primitives (a combination =one token) of Opium, minted by anyone and of course arbitraged.

Buy side of this strategies can be aggregated to the staking pool (all participants get exposure to the strategy) and sell side can be arbitraged or offered to MM, users, via Dutch auction etc.