If you can accurately locate the market, it can be n times better than futures. But how difficult it is to accurately locate the market must be known to all participants.

There are three kinds of markets: rising, falling and level.

If it is predicted that futures will rise, even Man Cang will not lose money as long as it does not fall. If it rises, it will make money, and it will not lose money sideways.

But the buyers of options are different. If you predict a rise, you need to enter a stable rising market immediately after buying a call option to make money. The sideways loss will continue, and the time value will be lost, not to mention falling, which will lead to index losses.

In other words, to make an option, you need to predict the correct direction+start time ... both are indispensable. If the starting time is too bad, it is possible that the final direction cannot offset the loss of time value. Or you can't make the money you should have made in futures.

Sadly, the right direction and timing are not enough. You need to predict the approximate range of the accurate market. If you expect a 500-point increase and the market moves sideways after a 300-point increase, the option will soon lose money. As long as you stop rising, the value of time will start to lose immediately, and it won't delay you for a day. Finally, if the direction+start timing are all right, you still don't make money because of the amplitude difference.

This market is fair, and the buyer of the option gives the participants the greatest leverage and the highest return, and naturally bears the greatest risk. The higher the ability requirements for participants.

Therefore, only when you can accurately predict a certain market under three conditions can you become an option buyer like futures, and the effect far exceeds futures. In fact, if your research and development method is not a strategy centered on causality and game, and your judgment ability is insufficient, it is recommended not to touch the tool of option buyer, otherwise you will be worse as an option buyer than a gambler.