This morning, I went through a round of options order book, and the more I looked, the more I felt that “time value” is pretty brutal: the buyer gets worn down every day; even if the direction is right, if they don’t move fast enough, it’s all for nothing. The seller, on the other hand, is like running a shop that slowly collects rent—yet the moment a big wave of volatility hits, that little “rent” they’d built up could all be spit back out in a single night.

Which side do I really stand on?
Honestly, it comes down to whether I can hold my hands steady and keep my emotions in check.

Lately, the whole drama around NFT royalties also feels pretty similar: creators want ongoing income, traders want liquidity to be smoother… in the end, it all boils down to who’s paying the “time fee.” Right now, I’m more inclined to treat buyers as buying story-telling ticket admissions—take smaller positions, and if it goes wrong, then consider it the cost/pay the price. If I really want to be a seller, I also have to think through first how to survive extreme scenarios—anyway, don’t rely on being stubborn and talking tough.