Hey guys, this is Jake from Bastion Trading. Now that FXS price has been rallying, I think its a good time to sell put options with low strikes and earn extra yield on FRAX Treasury. Because FXS put options buyer needs to hedge the exposure, option buyer (Bastion) needs to keep buying FXS when FXS prices goes down. Also, if price ends up below the strike levels, Bastion needs to buy all contract amount of FXS in the market, which will contribute to FXS price rallying (this is due to Bastion delivering FXS to Frax Treasury. Let me know what you guys think. We can be flexible in terms of strike, size and maturity so that Frax Treasury can benefit from this proposal.