Let’s say I’m a Bitcoin bull. (I am)

I want to long BTC in the most gigabrain way

Most platforms give you:

Take profit.

Stop loss.

Useful, but not enough for StandX.

When I opened a tiny BTC long on StandX and clicked into the TP/SL screen, I saw something different.

StandX gives two extra choices that solve two key pain points.

Pain point 1: right on direction, but not right enough

Every trader knows this one.

I long BTC.

I set a take-profit.

Price moves up, my thesis looks right, going well..

But then it stalls just below your TP.

My take profit never fills.

I was right about the move, but not right enough to get paid.

Enter the Covered Call

Instead of letting my TP level sit there doing nothing, StandX lets me list that exit as a covered call. If another trader takes the other side, I can earn a fee upfront for the exit I was already willing to accept.

So even before BTC reaches my target, the exit plan itself can have value.

Pain point 2: Getting wicked out

If BTC touches my stop level, my position can close, even if the move only lasts a few seconds.

That protects me from bigger downside, but it also creates a problem.

Sometimes price wicks down, triggers the stop, closes the trade, and then bounces back almost immediately.

I was not necessarily wrong about BTC.

I just got forced out by one ugly candle.

Enter Protective Put

I can pay for protection around a chosen level and decide whether to use it.

Yes I pay for this protection, but I get more control.

If BTC dumps and I want to exit, I have protection available.

If BTC briefly wicks down and then recovers, I am not automatically kicked out in the same way a normal SL would kick me out.

That matters because every move below a level is not the same.

It’s still early days, and volume on these features will be the real test,

but if traders start routing around these pain points at scale via StandX, block options could become a meaningful UX innovation in onchain perps.

Worth watching 👀