$MS-HSBC@EC2605A(23824.HK)

I have to say, with my current cost of 0.25, the financial probability of breaking even or making a profit on this is no more than 15%. I can only pin my hopes on HSBC's financial report on May 5th. However, Standard Chartered is releasing its earnings report on April 30th. Due to Standard Chartered's significant exposure in the Middle East, it's unclear if it could drag HSBC down. That would have a huge impact on my holding.

This investment is one of the bigger losses I've incurred since trading HSBC call options. This is also the nature of high volatility and high risk. Even if the underlying stock keeps rising, you might not make money on call options. It's hard to profit from high volatility, so it's still safer to hold the underlying stock.

Currently, the uncertainty surrounding the US-Iran-Israel conflict negotiations is still very high. Oil prices are fluctuating, the stock market has become a monkey market, and the Nasdaq keeps hitting new highs. Amidst this uncertainty, it's still wise to reduce volatility.