Gm Compound community!
Here’s an update on the covered calls:
We’ve now executed the first tranche of 17,600 COMP at a reference spot price of $45.38 (USD notional $798,688); yielding a 3.72% relative premium (15.07% annualized) of $29,685.92.
Liquidity was sourced from institutional trading firms, and we’ll have more updates soon as we continue to execute additional tranches in the coming days.
Very exciting to see this in action and we’re grateful to have the trust of the DAO to deliver on this strategy!