To The Moon

The covered call and covered put of US options will soon be available for testing ! If you want to join this testing activity, please leave a message under this post. The message could be "Apply to test option strategy function." We will register for you weekly. After the application is approved, a message will be sent to notify you in the APP. What are Covered Calls & Covered Puts ？ We currently offer two Option Strategies as follows: Covered Call: A combination of 1 lot short position in a call option and 100 shares long position in the same underlying U.S. stock. Covered Put: A combination of 1 lot short position in a put option and 100 shares short position in the same underlying U.S. stock. If your newly held options or stocks can constitute an Option Strategy with your existing positions, we will reduce the margin requirements for the positions in your Option Strategy. Important Tips If you need to liquidate part of your positions in the option strategy, we recommend that you liquidate the option positions in the option strategy first in order to avoid an increase in margin caused by the liquidation action; if you liquidate the stock positions in the option strategy first but only partially filled, it will cause the option strategy to lapse and there will be both option positions and stock positions in your account, thus the sum of the margin of both positions will be higher than the margin requirement of the option strategy, which will increase the margin of your account. Please note that the option strategy cannot currently be applied to positions where the underlying code or contract multiplier has changed due to corporate action; if a position in the option strategy is subject to such corporate action, this may result in the option strategy invalidating and thus increasing the margin requirement. Please ensure that you have sufficient funds in your account before liquidating your position in the option strategy as a forced liquidation will be triggered if your account risk value falls below 0.