[Duan Yongping Discloses Micron Technology Options Position: Assigned Shares After Selling Puts] BlockBeats News, on August 20, renowned investor Duan Yongping posted on Xueqiu and shared images revealing his position related to Micron Technology (MU). He stated that those who buy short-term options are most likely gambling, while those who sell are probably acting as insurance companies or running a casino, with the key being to control the odds through rules. Selling puts relies on understanding the business (i.e., probabilities or odds of winning). He emphasized not expecting to win every time but avoiding things you don't understand. The images show his recent trading records, including: - Multiple Micron $870 August-expiry put options he held expired worthless. - On August 11, he sold 100 contracts of $870 call options expiring on August 26 at a price of $37.55, earning approximately $375,500 in premiums. - On August 10, due to being assigned on puts, he was allocated 10,000 shares of Micron stock at a cost basis of $870 per share, totaling $8.7 million.