Studying Duan Yongping’s investment philosophy, you’ll find a shared logic among long-termists:

Don’t predict the market.

Wait for great companies, then buy them at a reasonable price.

This time, he chose a more patient way to express his optimism about SpaceX.

Duan Yongping sold 1,000 $SPCX 2026 $115 Put options:

• Collected premiums of about $2.32 million
• Effective purchase cost of about $91.8 per share

Many people see “selling a Put” and think it’s bearish.

But in essence, what he’s saying is:

“If a great company drops to a reasonable price, I’m willing to own it.”

This is also at the core of Buffett-style investing:

Great assets + a margin of safety + long-term holding.

Real investing isn’t about predicting the next candlestick.

It’s about having the right insight and capital when the market offers opportunities.

— Narration: BAI Labs tracks research trends to find opportunities.