BTC Spot + Deribit Weekly OTM Covered Call Overlay (Vol Premium Harvest)

Hypothesis

Cross-venue hedged strategy that holds spot BTC on Binance Spot while systematically writing weekly out-of-the-money calls on Deribit. The mechanism captures the well-documented crypto IV premium (BTC option implied vol consistently 20-40% above realized vol per Carr-Wu 2009-style decomposition and updated 2022-2024 crypto evidence) as recurring cash flow yield layered on a long-BTC position. Each week the strategy holds 1 BTC long spot + 1 BTC short ~0.20-delta call, lets the call cash-settle on Deribit at Friday 08:00 UTC expiry, then re-writes the next weekly. Hedged because the long spot covers the short call's upside obligation 1-for-1 (synthetically equivalent to a short put). Fills two large portfolio gaps simultaneously: options coverage (0% vs 15% quota target) and cross-venue (6.3% vs 15% target). Avoids every recent failure cluster: no supplementary-data dependency (no OI/funding/taker_ratio), no pattern recognition on 4H bars, no ratio mean reversion, no cointegration assumption, no late-entry volatility chase, and no cross-sectional accounting complexity.