[Duan Yongping Responds to Pop Mart Position Changes: Combined with Options Trading, Current Price Not Expensive in the Long Term] BlockBeats News, August 14 — On August 13, Duan Yongping responded on Xueqiu to recent doubts about changes in his Pop Mart holdings, stating that he has "never directly sold a single share of Pop Mart." He explained that some shares were sold immediately after being purchased via Call options, which is essentially the same trading strategy as selling Put options. Duan noted that when the position limit for selling Put options is nearly reached, he adopts a "buy shares + sell Call" approach. When the options are exercised at expiration, the result is essentially the same as selling Put options that are exercised. He mentioned that he might continue using similar strategies for a considerable period in the future, and the current premium for Pop Mart options is approximately 5% per month. Regarding Pop Mart's long-term value, Duan stated, "At the current price, I don't think Pop Mart is expensive in the long term, though I can't predict the short term." He explained that this is the underlying logic behind his options strategy. While this approach might result in slightly lower profits, it is a relatively conservative strategy. If premiums decrease in the future, he may adjust his strategy. Duan also emphasized that he has no specific plans to sell Pop Mart at any particular time or price, saying, "Perhaps I won't sell for a very long time." He further revealed that selling Put options is just one part of his investment strategy, and he has consistently used similar methods in other investments. For example, 80%–90% of the Apple shares he previously held were likely acquired through Put options. In response to recent market speculation about his "reducing and then increasing" holdings, Duan's earlier statements suggest that these changes in positions are primarily due to options expiration, exercise, and other trading mechanisms, and do not indicate a bearish long-term outlook on Pop Mart. [Original Link]