Pionex - DualInvestment Wheeling like stock options but better?

Coming from an retail traders stock option background and venturing into the depths of crypto I was looking for something familiar. 
A way to wheel like I do with options.

Wheel ... WHAT?
You sell a put option on a stock, get paid for selling the option and If assigned need to buy option * 100 stock at the price.
Afterwards you start selling call options on the stock you now own until you are forced to sell again while collection premium.
This is super simplified and a lot of information is missing but to just give anyone who never heard of it an idea.
Options ... crypto ... ?
I found different platforms where I could actually trade options on BTC or other coins. The problem where that these are either cash settled or crypto settled. This means I can never go the whole way USDT -> BTC -> USDT for example was not possible.
DualInvestment to the rescue
On Pionex I stumbled upon their earn product called DualInvestment. 
Although you alway "buy" this product it behaves exactly like I need it.
You start for example on USDT and want to wheel ETH. 
You can Invest USDT (Buy ETH). 
I could now "Buy" a 1D 2750 for example (price of ETH at point of writing is 2784) and would receive 0.45% ROI in a single day.
So if I would invest 1000$ I could claim tomorrow at 8 UTC my 4.5$ Profit. 
Cool but what else happens?
If the price tomorrow at 8 is below 2750 I will buy ETH at 2750$(no matter how low the actual price is) for 1004.5$.
So this would end with me holding 0.36527272 ETH.
If price is above I just keep my 4.5$  
Hm 0.45% is super low... 
It is for 1 day and you need to take into consideration compounding effects as well given that you can do this daily (or go further out in time).

Okay now I was forced to buy 0.36527272 what is next?
The second part of the wheel starts. Now you invest ETH to sell high.
You can target the same strike (2750) or try higher to also not only get the rewards from DualInvest but also from the difference in selling and buying.

The cool thing here is that the rewards now are in the COIN and not in USDT anymore. This I really like compared to traditional options trading and you can use it to grow you holdings, or just earn more.
Looking at the 1 day 2.825$ and investing 0.36527272 you would either if the price tomorrow is above 2825 sell for 2825 and receive 
1036.53896345$ or 0.36691644 ETH.

You do what until you end with USDT again. 
The last wheel I did for ETH I had 15 days in total and made around 4.5% ROI and increased my ETH holding by
0.00082 ETH as the second part of the wheel did last only 2 days and I did not reinvest the eth earned. A BTC wheel is currently running.
Sounds to good to be true ... RISKS?
4 Risks in my opinion:
1. Missing the pump: If you Buy low but never get assigned and the coin pumps, you only earned the rewards but did not participate in the value   appreciation of the coin 
2. Limited upside gains: If you Sell high and the price rips through your strike, you still are forced to sell at your strike price and not at the current price leaving some gains on the table.
3. You got assigned and the coins dumps hard. Same risk as with normal buying.
4. Lock up period: You cannot do a thing until expiry.
For me 1. and 2. are not a factor because these are trying to time the market, I personally think this is not possible. I rather get paid to wait rather not at all.
 
SOOO What now?
I plan to make a weekly post about my gains on the product as well as my different strategies. This is just an introduction what this is. Personally I feel very comfortable doing that for coins I do not mind or even plan on holding long term.
Join me if you are interested on Pionex
My Linktree