---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39262395.md"
description: "$DELTON(01989.HK) For friends who are new to options, don't think of them as "high-risk gambling." In fact, they can add a layer of protection to your IPO application strategy: - For example, when applying for the IPO of Guanghe Technology, worried about it breaking the issue price? You can buy a slightly out-of-the-money put option in advance, spending a small amount to lock in the maximum loss;​- If the stock surges after you get an allocation, you can also sell a call option to lock in "paper profits" early and secure your gains;​- Beginners are advised to start practicing with buying single-leg options first. Avoid complex sell-to-open strategies. Make sure you understand the three core concepts of "premium, strike price, and expiration date" before you start trading～"
datetime: "2026-03-14T04:59:40.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39262395.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39262395.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39262395.md)
author: "[努力成为大韭菜](https://longbridge.com/en/profiles/16516087.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39262395.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39262395.md)


# $DELTON(01989.HK) For friends who are new to optio…


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