What is it?
On Pionex dual investment you can subscribe to either buy low or sell high and receive rewards. You select a strike price and duration and like normal options you get assigned when the price is below (when buy low) at expiry or when price is above (sell high).
Results:
The wheel took in total 12 days and earned a profit of 130.25$ for an initial investment of 1767.53 so a an Roi of 7.369%.
Personally this is amazing as I would not mind holding the coin in the worst case.
Started on the 16 of july and ended on the 28th of july.
First round:
As always start with subscribing to buy low. You always want to not only generate profit from the rewards of the dual investment but also from the difference in buying and selling.
Below is the order where I was actually assigned. You can see, the first 6 days of the wheel where always buy low and we made already a bit over 50$. We got assigned at 3.750$
Second Round:
Now that we own ETH instead of USDT we move to the subscribe Sell high.
Below you can see the final order that sold the eth back to USDT. It took another 6 days where we where able to increase our ETH holding and sold all at 3850$.
Where to go from here?
You can check my other post where I outline the risk involved in this approach.
I normally use part of the profit to actually buy some ETH or BTC to grow my exposure to these coins.
