Before starting, let's understand the three common ways to achieve 100x returns with options.

1. Single-option strategy, that is, turning out-of-the-money to in-the-money, has a higher difficulty.

Because generally, for out-of-the-money to turn into in-the-money, it usually requires significant volatility or a substantial rebound, for example, waking up in the morning to see a large drop of 3-5% in Bitcoin, then buying the day's out-of-the-money call options (expiring at 4 PM), and indeed there starts to be a significant rebound, turning into in-the-money options, at this time, basically, it could yield 50-100x returns.

2. Double-option strategy, two trades of $10 each with 10x, relatively speaking, has medium difficulty.

For example, the first trade is a $10 call option, rising and earning 10x, turning into $100. For the next trade, invest all the $100 profit into another 10x trade, turning it into $1,000, which is essentially also 100 times compared to the $10 principal.

3. Three-option strategy, three times 5x, you can directly use in-the-money options, which makes the difficulty much lower, and most people can achieve this.

For example, the first trade is a $10 call option, earning 5x means closing it, turning into $50.

For the next trade, invest all $50, then another 5x, at this point it has already reached $250.

For the next trade, invest all $250, at this point only 4-5x is needed.

You can reach $1,000, which is essentially a 100x return.

How to enter and buy options?

1. If you have technical knowledge, you can enter based on technical signals, which is not difficult.

2. If you don't have technical knowledge, then choose a foolproof operation.

So it means when there is a crash, buy calls, and when there is a surge, buy puts.

I am Wenhua, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most fundamental thing is to help everyone make money. I will help you resolve confusion and issues, speaking with strength. When you feel lost and don't know what to do, follow Wenhua, and I will guide you.