November 27 GM

Sober chats about options

I have always emphasized a point: offense and defense are both important, and defense is sometimes more important than offense.

We often watch games, and a team that only focuses on offense and no defense will not go far. Once you can't attack and defend, you will be defeated in the end.

When doing transactions, you must be prepared for danger in times of peace. A gentleman does not stand under the wall of danger. He must consider arranging stop losses when opening a position.

The recent strategy of option sellers is to go unilaterally. If you are hit by a sell call, you will feel uncomfortable when you are not defensive.