Veiro
Veiro
Name the level a position can’t fall through. Everything above it stays yours.
Write a policy| Floor | Protected | Covered |
|---|---|---|
| −5% | 206.83 | 10.89 |
| −10% | 195.95 | 21.77 |
| −15% | 185.06 | 32.66 |
| −20% | 174.17 | 43.54 |
30D · delayed
Mechanism
Cover is written against a position already sitting in your account. Nothing to open, nothing to roll, no second portfolio to manage.
You choose the drop you are not willing to take. That single number is the whole contract — the price, the trigger and the payout all follow from it.
The shares stay yours and so does every gain above the floor. The cover sits underneath and expires quietly the moment it is no longer needed.
Example
You hold 100 shares and set the floor ten percent below today. From that moment there are exactly two outcomes, and you know both of them in advance.
No adjustment windows, no assignment, no margin call in between.
The position never trades through the protected level. The contract lapses, and its cost was the whole cost.
The position falls through the level you set. Settlement is automatic — the distance between the floor and the close lands back in the account.
Protect
Pick a holding, pull the floor to the level you want and read the cost. Every number below is priced live from the inputs, not looked up from a table.
Premium · 90 days
742USD
3.41% of position · 7.42 per share
Checking contract status…
Boundaries
Everything an options screen makes you learn before it will protect anything has been taken out. What is left is one holding, one level and one price — the whole product is built around insuring stock you already own.
Docs
A contract that pays the distance between your floor and the settlement price, per share, if the position closes below the floor on the expiry date. Above the floor it pays nothing and simply ends.
No. The shares never move. Cover is written alongside the position and settles in cash, so nothing is called away and nothing needs buying back afterwards.
The further below the market the floor sits, the less likely it is to be reached and the smaller the expected payout. The price you see is that probability, weighted by how far the payout would run.
From four inputs only: the distance to your floor, the term, the volatility of the underlying and the risk-free rate. This page prices them in the browser with a standard European put model, so the number moves as you drag.
Settlement is automatic. If the floor held, the contract lapses and the position is untouched. If it broke, the difference is credited without any action from you.
