关于我

Generally only do options

Three years without opening, when opened, it eats for three years

#末日期权 For example, I waited for a year for Powell's speech, this bullish option has a yield of over 6000%. The specific reason is not because of high returns, but because of low costs. The options close to expiration are basically all extrinsic value (called time value domestically) approaching 0 and the actual value is 0, but due to unexpected events, there may suddenly be returns before exercising tomorrow. Any number is infinitely larger than an infinitely small number, this should be clear to everyone.

#关于期权 In fact, there is a low-end options strategy, but it is a high-end systematic investment strategy that is reproducible on a daily basis. This needs to be combined with systematic investment, and the premise of systematic investment is still value investing. You must believe in the long-term value of the asset you are buying, such as BTC, ETH; if you don’t believe in it, don’t look.

The specific operation method is very simple. For example, if ETH is at 4700 now, and you originally planned to buy in at 4700, you can now sell a put option at a price of 4500. There may be two scenarios.

Scenario 1: By the exercise date, if the ETH price is still >4500, the buyer will naturally not exercise, and you don’t have to do anything, you just receive the premium from the buyer.

Scenario 2: By the exercise date, if the ETH price is <4500, you will be exercised by the buyer. You bought ETH at a price higher than the current market price but lower than the price when you sold the option. You not only reduced the cost compared to buying directly but also earned the premium from the buyer.

Backtesting shows that this method has a considerable yield, which should be greater than the yield of ordinary systematic investments.