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Why do I only make Sell Put and not an all-round platform?

Reading time: 6 minutes

one sentence answer

Because I only do what I can do well.


The allure of a versatile platform

Many users ask me:

"Can you add Buy Call?"
"Can I do Iron Condor?"
"Can you analyze futures?"
"Can I access crypto options?"

Every demand is reasonable, and every one may bring new users.

But each one means:

  • More complex UI
  • More data interfaces
  • longer development time
  • Higher maintenance costs
  • more divided attention

less is more logic

1. User mind

Referring to Hyperstock, users know it as the "Sell Put tool".

If you add 10 more functions, users won’t be able to remember what it does.

Tesla = electric car. Apple = high-end phone. Hyperstock = Sell Put.

The best products can be summed up in one word.

2. Product quality

Do 10 functions, each achieve 60 points, and the user will feel "ok".

Make a function and achieve 95 points, and the user will feel "fuck it's easy to use".

I would rather users say "Hyperstock's Sell Put analysis is too accurate" than say "there are many functions, but they are all so-so".

3. Operational efficiency

It is sustainable for one person to maintain 1 core function + 3 auxiliary functions.

A small team maintaining 10 core features will feel just right.

Is the market for Sell Put big enough?

US options market:

  • Average daily trading volume 40 million+ contracts
  • Retail investor participation rate increases year by year
  • Chinese options traders conservatively estimate 500,000+
  • Chinese tools dedicated to Sell Put analysis: almost none

This is a blue ocean within a blue ocean.

Instead of competing with OptionStrat and Barcharts in the red ocean to grab all-round users, it is better to be the king of Sell Put in the blue ocean.

.

where is the border

The core only does Sell Put analysis, but the periphery can be extended:

typeDo it or notreason
Sell Put Analysis✅ CoreThe foundation for settling down and establishing a life
Bull/Bear Spread✅ Already doneHorizontal expansion of Sell Put, the same user scenario
Backtest function⏳ PlanHelp users verify policies, assist Sell Put
Covered Call❌ Don’t do itThe strategy after holding shares is not in our customer acquisition scenario
Buy Call/Put❌ Don’t do itDirectional speculation, the opposite logic of Sell Put
Futures/Cryptocurrency❌ Don’t do itCompletely different market and regulatory environment
Social/Follow orders❌ Don’t do itHigh compliance risk and inconsistent with product positioning

Will the future change?

possible. If the team continues to expand and improve, more strategies may be implemented.

But now: only do Sell Put related, to the extreme.

Focus is not just doing one thing, but deciding not to do anything.

——Jobs (probably)