Last week, SpaceX's starship was not cancelled at the last second. The rocket didn't explode, but the stock price fell slightly, and the current price is almost halved from the high point It is said that there will be another launch this Friday. At this time, there are risks in both long and short positions - if the second launch is successful, the stock price may rise sharply in an instant. If it fails again or explodes directly, the stock price will definitely plummet At this point, you can go long on the volatility of the stock price by analyzing the Straddle strategy in Leopold's Situational position, as mentioned in my article. For example, if the current price is around 120, you can buy both a call near 120 and a put near 120 for next week's or later settlement. The launch was successful, and the stock rose. Call earned money and Put returned to zero; Launch failure, put to earn money, call to zero, as long as the money earned can cover your loss Of course, if the rocket goes into space or explodes, but the stock price still sways around the current price, it's like both of you are zero, and if you lose a lot... However, Straddle's original goal was to increase volatility, so it won't stop here. I don't believe it won't move! At this moment, something heart wrenching happened. A few days ago, I went to Moomoo (the Australian branch of Futu) to apply for an account opening. It was a hassle to fill in all the information, including various sources of funds, job occupation, and even my tax ID number. Finally, an email came in - some of your information does not match the government's, maybe it's your name, birthday, residential address Blah Blah... I'm so angry, let's just say when does it take so much effort to open an account in the cryptocurrency circle?! I'm used to using Cex/Dex in the cryptocurrency industry and can't stand traditional finance anymore! (I put the screenshot of the email at the end of the article) Fortunately, @ BITstocks_CN also has options available this Friday! I feel like I'm about to be rescued... 2000 stocks+ETFs, with an option fee of 0.3 per option (should it be the lowest in the industry?), although it only supports buying Call and Put for the time being and doesn't support being a seller yet, it's sufficient for short-term use. The short selling option function is on its way, Coming Soon Financing, securities lending, and options are three part sets that measure the maturity of a securities firm, and each one is more difficult than the other 1. Financing (borrowing money to buy stocks - long) - Low threshold, many platforms can do it. 2. Short selling (borrowing stocks to sell - short selling) - much more complex, securities firms need to have sufficient stock inventory to lend out, manage borrowing rates, deal with equity issues such as dividends and voting rights, and manage the risk of forced buybacks. So many small platforms cannot do it. 3. Options - more complex, requiring risk control system, market maker cooperation, margin calculation system, and so on BIT should be one of the few platforms in our circle that combines all three elements, and not only does it have all three, but options can also be bought with financing leverage, making it absolutely unique - I call it the cryptocurrency version of IBKR. Now there is an option activity where you can open an account and receive an option market card. From July 24th to August 7th, there is a chance to get $20 worth of popular stocks in the first round of options trading. Inviting friends to trade options will earn $5/person in cash options