$DELTON(01989.HK) For friends who are new to options, don't think of them as "high-risk gambling." In fact, they can add a layer of protection to your IPO application strategy:

- For example, when applying for the IPO of Guanghe Technology, worried about it breaking the issue price? You can buy a slightly out-of-the-money put option in advance, spending a small amount to lock in the maximum loss;

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- If the stock surges after you get an allocation, you can also sell a call option to lock in "paper profits" early and secure your gains;

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- Beginners are advised to start practicing with buying single-leg options first. Avoid complex sell-to-open strategies. Make sure you understand the three core concepts of "premium, strike price, and expiration date" before you start trading～