In the financial markets, there are some high-risk derivatives strategies that may achieve huge gains in the short term. These strategies are usually accompanied by high volatility and potential risk of loss. Here are some common high-risk derivatives strategies: 1. **Leverage trading**: Using leverage tools such as options and futures contracts to magnify returns. Investors can control larger assets with smaller funds, but if the market moves unfavorably, losses will also be magnified. 2. **Option trading strategies**: - **Buy call options**: Buy when the price of the underlying asset is expected to rise. Call options have huge profit potential, but if the market does not rise as expected, the entire option fee may be lost. - **Sell naked options**: Sell call or put options directly and collect the premium. If the price of the underlying asset fluctuates violently, the loss will be very high. 3. **Arbitrage strategies**: Take advantage of market pricing errors for arbitrage, such as high-frequency trading. Although these strategies are technically and resource-intensive, they may achieve significant returns in a short period of time. 4. **Hedge Fund Strategies**: - **Long/Short Strategies**: Go long on assets that are expected to rise and short on assets that are expected to fall. The riskier asset selection may bring quick returns, but if the market moves in the opposite direction of expectations, the loss will also be large. - **Event-Driven Strategies**: Invest before events such as mergers and acquisitions and restructuring to earn profits from market fluctuations. Such strategies usually require the ability to respond quickly to market information. 5. **Volatility Trading**: Earn high returns by trading volatility derivatives such as VIX options or futures. If the market volatility is expected accurately and the timing is right, the returns can be considerable. However, if the judgment is wrong, huge losses may be faced. 6. **Multi-leverage Products**: For example, double or triple leveraged ETFs and ETNs, such products are designed to amplify the returns of the benchmark index, but they also amplify the risks. They are suitable for high-frequency trading in the short term. It should be noted that although these strategies can provide the potential for high returns in the short term, they also face extremely high risks. Investors should carefully assess their risk tolerance and take appropriate risk management measures.