#期权交割事件 When I saw this news today, my first reaction was to remind everyone to stay alert. The delivery of options with a nominal value of $23.7 billion is indeed an unprecedented scale, and the amplified volatility predicted by analysts is not just alarmist talk.

In such moments, it's easiest to see two extremes: some leverage up because they are optimistic about the market, while others hurriedly exit out of fear of volatility. But what I want to say is that no matter how intense the market fluctuations are, the real test is never the market itself, but whether we have adhered to our own position management principles.

My advice is simple—ask yourself a few questions first: Is your current position size within a safe range? Have you reserved enough cash to handle uncertainties? Can your psychological expectations truly withstand the potential upcoming unidirectional trend? If all these answers are yes, then volatility is just price fluctuation, not a crisis for your assets.

Historically, every major options delivery has indeed been followed by an acceleration in the trend, but the probability of accelerating upward or downward often depends on fundamentals and market sentiment, not something we can precisely control. Instead of trying to predict the direction, it’s better to review whether your allocation is truly robust at this moment. A long-term mindset is easier to maintain during calm periods, but it’s during major events that true character is revealed.

Stay patient, stick to your principles—that’s what I want to tell you.