BlockBeats News, August 14th. Yesterday, Dong Yongping responded on Snowball to recent questions about the Bubble Mart holding changes, stating that he had actually "never directly sold a single share of Bubble Mart." After buying some shares, he immediately sold Call options, which is essentially the same trading strategy as selling Put options.

Dong Yongping stated that when the Put selling position approaches the limit, he will use a "buy stock + sell Call" method; after expiration, being called away is essentially the same result as Put options being exercised. He mentioned that he may continue to use a similar strategy for a considerable period of time. Currently, the premium for Bubble Mart options trading is about 5% per month.

Regarding the long-term value of Bubble Mart, Dong Yongping expressed that "I don't think the long-term price of Bubble Mart is expensive, but I'm not sure about the short term." He said that this is the intrinsic logic behind his options strategy. This approach may result in him earning slightly less, but it is a relatively conservative strategy; if the premium decreases in the future, he may adjust his strategy.

Dong Yongping also emphasized that he has not set any time or price to sell Bubble Mart, stating, "Perhaps I won't have any plans to sell it for a very long time." He also revealed that selling Puts is just one of his investment strategies, and he has always used similar methods in other investments. For example, in the Apple stocks he previously held, 80%–90% may have been acquired through Put options.

Regarding recent market doubts about his "selling and then buying back" behavior, Dong Yongping's previous statement implied that these holding changes mainly result from option expirations, exercises, and other trading mechanisms, and do not indicate a long-term bearish view on Bubble Mart.