The losses are ultimately covered by @jaspervault.
Opening options directly with a clear direction is much more stable compared to contracts; even if you incur losses, the maximum loss is just the cost of opening the position.
With 100U, you can open a position worth 44,000 yuan. If you choose the right direction, the profit potential is unlimited, with a maximum loss of 100U. Compared to traditional options with fixed expiration times, Jasper Vault offers more flexible exercise times and higher efficiency in position management.
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