Opinions on options,

I don't use options. Based on my past huge losses, I can only consider them as lottery tickets in most cases and a very rare balance between excessive losses and excessive gains.

First, why buy options? I've seen those experts directly buy long positions in large quantities. Honestly, I admire them, but I really don't understand it, and I lack the courage. I can only say that in stable conditions, even if the market is steadily declining or rising, I don't think options should be bought—instead, one should own stocks. If the market is stable, it means you should believe in the future and focus on value investing. Otherwise, you're just assuming an unprecedented surge or loss. I don't think stocks can't handle this; it's just an active leverage operation. Unless you're truly desperate for the top and would rather go all-in, I can only say good luck.

Another situation is more realistic—huge stock volatility, often based on personal experience, especially when there's no earnings report but only expectations. I won't deny the existence of insider trading, but if you really encounter it, it just means your information gathering wasn't sufficient, and your decision-making shouldn't be considered flawed. In this case, you should acknowledge the risk, control your position, and prepare for the final judgment. This is what I should consider. But such situations should be rare, so the amount of options traded should also be minimal. This usually happens when everyone believes a company is facing life-or-death circumstances or when a new "Nifty Fifty" or "Seven Sisters"—those legendary stocks—might emerge. This isn't something a few big players can manipulate; it requires completely breaking the pattern. Other times, you should control your fantasies and go back to sleep early.$Unitedhealth(UNH.US)$PDD(PDD.US)$JD.com(JD.US)