bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights

Stock Options

Binance
2026-09-01 08:32:00

Binance Launches Stock Options With Physical Settlement on US Equities and ETFs

Binance has introduced stock options, bringing traditional equity derivatives into its crypto-native ecosystem. According to an official announcement, the new product offers physically settled options on US stocks and ETFs, giving users the right to buy, in the case of calls, or sell, in the case of puts, an underlying stock at a predetermined strike price on a specified expiration date. Binance says stock options give traders a new way to express directional views, hedge stock positions, and manage portfolio risk, all from a single Binance account. With the product, users can trade bullish or bearish exposure to US equities and ETFs with limited risk: for an option buyer, the maximum loss is capped at the premium paid. It means traders can use the same account they use for crypto trading to take part in traditional equity options, without needing a separate brokerage account. The launch is part of Binance’s push to bridge traditional market instruments and crypto-native infrastructure. The exchange announced the stock options on Sept 1, 2026.

1010
Binance Launches Stock Options With Physical Settlement on US Equities and ETFs
ByteDance
2026-08-31 16:41:20

Dexter Yang says his U.S. stock portfolio rose 23x in seven years, cites early entry and holding

Dexter Yang, described in the post as the figure behind the widely discussed claim of making 23 times returns from U.S. stock investing while at ByteDance, shared new details on Sept. 1 about his performance since joining the company on Jan. 14, 2019. He said that over more than seven years, ByteDance options would have returned 4.5x to 5x based on the company’s buyback price, equal to an annualized return of 22% to 24%. Using a market valuation range of $600 billion to $1 trillion, the same options would be up 8x to 13x, with annualized returns of 31% to 40%. Yang also said his personal U.S. equity portfolio gained 23x over the same period, for an annualized return of 51%. He added that if those return levels are not achievable, the best investment is still to do well at ByteDance and earn more options. In his view, career development and investing follow the same logic: take risk, enter early, stay in the game, and rely on compounding driven by personal growth and long-term exposure to the right sector. He summed up the approach as "buy and hold." The report also referenced former ByteDance employee Leto Bao, who was previously said to have made substantial profits from U.S. stocks tied to the AI storage theme, with online claims putting that gain at around 30 million yuan before he resigned.

1140
Dexter Yang says his U.S. stock portfolio rose 23x in seven years, cites early entry and holding
Unitree
2026-08-19 08:37:29

Unitree listing spotlights employee options granted at RMB 1, with some paper gains reaching RMB 1.58 billion

Unitree Technology debuted on Shanghai’s STAR Market on Aug. 19, opening up 629% at RMB 1,100 and briefly reaching a market capitalization of RMB 444.9 billion, according to the source article. While much of the attention went to founder Wang Xingxing, outside investors and first-day retail gains, the prospectus also showed how the company’s employee incentive structure turned early stock options into enormous paper wealth for some staff members. A limited partnership called Shanghai Yuyi holds 10.94% of Unitree and serves as the company’s employee equity incentive platform. The article says the first batch of options, priced at RMB 1 per unit of registered capital and granted in 2017 when the company was struggling to pay wages, was ultimately housed in that structure. Based on the first trading day price cited in the report, Yang Zhiyu, Chen Li and Zhang Yangguang — three core employees born in the 1990s — saw their paper holdings rise to about RMB 1.58 billion, RMB 840 million and RMB 480 million, respectively. The report also said Unitree created two employee asset management plans for its IPO strategic placement, with 171 executives and core staff subscribing a combined RMB 272 million. At the same time, the gains remain largely unrealized because of lock-up periods, performance-based vesting terms and employee departures that already led to canceled incentive quotas before the prospectus signing date.

790
Unitree listing spotlights employee options granted at RMB 1, with some paper gains reaching RMB 1.58 billion
Unitree Techn
2026-08-19 07:33:51

Unitree’s Star Market debut turns early employee options into outsized paper gains

Unitree Technology debuted on Shanghai’s STAR Market on Aug. 19, opening up 629% at RMB 1,100 and briefly reaching a market value of RMB 444.9 billion. While much of the public attention centered on founder Wang Xingxing and outside investors, TechFlow’s report pointed to a different wealth story buried in the company’s prospectus: the employee equity incentive platform Shanghai Yuyi, which holds 10.94% of Unitree. According to the report, the platform houses employee options granted in 2017, when the company was struggling to pay wages and signed option agreements at an exercise price of RMB 1 per unit of registered capital. Based on the first trading day’s price, the largest paper fortune among those option holders reached RMB 1.58 billion. Three early post-90s employees stood out: Yang Zhiyu with about 1.7837 million indirectly held shares, Chen Li with about 946,400 shares, and Zhang Yangguang with about 546,000 shares. The article also described a three-layer holding structure built to work around the 50-partner cap in limited partnerships, broader participation by more than 60 frontline R&D and core technical staff, and two employee asset-management plans subscribed by 171 executives and key employees for a total of RMB 272 million. At the same time, most of the gains remain on paper because of lock-up periods and performance-linked vesting terms.

1630
Unitree’s Star Market debut turns early employee options into outsized paper gains