Is there something that can be flipped several times in the right direction, only lose a meal in the wrong direction, and never have to worry about liquidation? Yes, options. Binance has just launched new US stock options Simply put, options are buying a "right" with money. Buying up is called Call, buying down is called Put, and the maximum loss is the money spent on buying the right Where can I find options Choose any US stock, whether it's Apple or Tesla, and go to its K-line page (the page where you can see the trend chart). At the top, there is a row of labels for overview and finance, with a "options" in the middle. Click on it to access the options chain. Stocks labeled as "options" can only be played, otherwise they are not supported How to view the option chain Go in and see a table first. The top row is the expiration date, choose one first. There is a vertical column in the middle representing the exercise price, with Call on the left and Put on the right. There are two numbers in each grid: one is the price you need to pay to buy (Ask), and the other is the price you can get by selling. Novices only need to look at the selling price, which is the money you need to spend on buying now Which expiration date to choose The expiration date is how long you bet it will take to reach the position you want. Cheaper options with near expiry, but time is tight and there is less time left for the stock price to move; Expensive with a long expiration date, but with ample time. Newcomers should not choose those that are too close for one or two weeks, as it is basically too late; Don't buy a six-month one at first, it's too expensive. The most comfortable period is between one to three months Which exercise price to choose (the most confusing part for beginners) The exercise price is the buying and selling price you lock in, and its relationship with the current price determines the temperament of this option Real value means that the exercise price is already more favorable than the current price. For example, if you buy a Call for 250 at the current price of 300, you are already making a profit. It is expensive but stable, and most of it is real Average value, exercise price is similar to the current price, time value is fully realized, and the price is moderate Virtual value, the exercise price is still far from the current price. If you buy a call for 400 at the current price of 300, you will need to increase by 30% to reach it. It is cheap and has a large leverage, but there is a high probability that it will return to zero How to choose based on appetite: if you want to buy in real or flat value steadily, and make money with a slight increase; I want to buy virtual value at a high price, but be prepared to reset it to zero. To put it simply, real value is like buying stocks, virtual value is like buying lottery tickets, and flat value is in the middle. Novices should play near the average value first, don't rush up to the virtual value How is the royalty calculated The royalty you paid is split into two pieces. One is the intrinsic value, which is the money that can be earned immediately by exercising the right, only the real value exists, and the imaginary value and the plain value are zero. The other part is the value of time, and the remaining part is the insurance bought for time, which leaks faster as the expiration date approaches. So virtual options are full of time value and will leak out a little bit, which is why they are easy to reset to zero Two Must See Greek Letters The position page will display 'Greece', beginners only need to understand two of them. Delta is the movement of the option price for every 1 yuan increase or decrease in stock price. Between 0 and 1, the closer it is to 1, the more similar it is to the stock itself, and the closer it is to 0, the more virtual it is. Call is positive, Put is negative. Theta is the amount of time value missed every day, which is a negative number. You lose so much every day you take it. Don't worry about other Gamma and Vega for now How to place an order Choose the expiration date, exercise price, Call or Put, and click on the order page. At present, only limit orders can be placed. Enter the price and quantity you are willing to offer. Note that one contract of American stock standard options is 100 shares, and 100 shares are behind one contract you buy. It can be directly quoted at the selling price, or quoted slightly lower and wait for the transaction to be completed, but there is no guarantee of completion How do you look after buying it Go to the position page and you can see the profit and loss, current price, as well as Delta and Theta mentioned above for each item. The market is divided into two levels: default 15 minute delay and free; Click on the clock icon to open the real-time market trend (OPRA), sign the voice and receive one month of free payment What money should I use to buy it USDT, USDC, BNB can all be paid, and the system automatically converts to USDC. The transaction fee for one contract is 0.6 US dollars, with no platform fee or minimum consumption