Binance adds covered call and cash-secured put stock options
Binance said covered call and cash-secured put strategies are now live on its stock options platform, expanding the derivatives tools available on contracts tied to U.S.-listed stocks and ETFs. The update, published on Oct. 27, 2026, builds on the company’s earlier launch of stock options and follows its Oct. 15 announcement that the platform had added those short options strategies.
Evidence and context
In the Oct. 27 blog post, Binance framed the addition as a live product update rather than a new market opening. The company’s Oct. 15 announcement said covered calls and cash-secured puts were being added to its stock options offering, which already supported options on more than 1,000 selected U.S.-listed stocks and ETFs. Background material provided with the announcement says the platform’s stock options launched on Sept. 1, 2026, and are physically settled.
The structure of the new strategies matters because it changes what users can do on the platform. Covered calls are written against underlying shares, while cash-secured puts require collateral in USDC equal to the full strike amount. The background notes that only limit orders are supported, and that the current product remains subject to eligibility and regional restrictions. Binance has also said these options are not available to U.S. users.
The launch sits within a broader rollout that has been unfolding through September and October. Binance’s earlier updates said the stock options product initially supported buying calls and puts, while the Oct. 15 expansion added the ability to write covered calls and cash-secured puts. The available background also notes that the company does not publish a complete ticker list in the FAQ, instead directing users to look for an Options tab on an underlying’s stock chart.
Fees and mechanics remain important for users assessing the product. The promotion described in the background charges $0.60 commission per contract and waives platform and exercise fees, while still applying additional regulatory and clearing charges. Binance also says long options require an exercise instruction and are not automatically exercised simply because they finish in the money; absent instructions, the platform attempts liquidation on a best-efforts basis. Written options carry assignment risk and can produce losses beyond the premium received.
Binance’s expansion of stock options comes alongside a broader market-access push that includes access to options tied to U.S. stocks and ETFs, according to a Sept. 1 report from Bloomberg News published by Bloomberg Law. The company’s latest update adds more advanced strategy tools, but the underlying constraints around order type, collateral, settlement and regional eligibility remain part of the product’s operating framework.