Hook is the NFT-native call options protocol.

Options are uniquely suited for NFTs because they're useful both for actively trading and passively holding.

  1. Write covered call options on vaulted NFTs to earn premiums.

    NFT holders can generate income by writing and selling call options. If an NFT holder believes that an NFT's value will increase, but not beyond a certain amount, they can sell call options and earn a premium that they keep regardless of the price movement.
    Selling call options can be a lucrative way of amplifying the returns from NFTs that are being held over the long term.
  2. Buy call options to get exposure to NFT price increases.

    Traders can purchase call options to establish long positions with higher capital efficiency. This means that traders can capture much of the potential upside if the NFT increases in value, while only needing to invest a small amount of ETH upfront.
    Unlike other ways of getting capital efficiency with NFTs, such as by borrowing money or using perps, the trader's call option position cannot get liquidated. Compared to buying an NFT, a trader has a fixed downside of the cost of purchasing the option, and a chance of higher percentage losses because call options lose value faster than the underlying NFT as the price goes down.

Navigating Hook's Documentation

First time using options?

Head to the Glossary to familiarize yourself with options terms. Afterward, head to the Knowledge Database for more info on options and options strategies.

Already have experience with options or want to dive into the protocol now?

Head to Portfolio if you are interested in earning with your NFTs. Here you'll learn how to easily write call options using Hook Earn. The portfolio tab also helps you manage all of your assets within Hook.

Head to Trade if you are interested in trading NFTs at a fraction of their price. Here, you'll learn how to trade Hook's call options and make wETH-based offers and vBids.