@silentprotocol
When an airdropped token is listed on a centralized exchange (CEX), you can lock in over 30% risk-free arbitrage by exploiting price discrepancies across platforms using an options-based strategy. Step 1: Identify a lower price on the CEX compared to other markets (e.g., DEX or OTC). Step 2: Buy the token on the CEX, then sell a call option and buy a put option to create a synthetic short position, hedging against price swings. Step 3: Sell the token at the higher price elsewhere. With precise timing and accounting for fees, option premiums, and liquidity, this conversion strategy secures a risk-free profit exceeding 30%.