Recently looking at the options board, my biggest feeling is this: time value—plain and simple—is like collecting rent every day. If you’re the buyer, even if your direction is right, you still have to outpace that bit of decay, or else the market will grind for a while and wear your emotions down. If you’re the seller, it looks stable, but you’re actually trading tail risk for small change—when a real breakout comes, you’ll vomit it all back, and it won’t even be enough.

These past two days, Meme tokens and “celebrity call” picks have been getting hot again. Newcomers are the most likely to impulsively go buy far OTM “lottery tickets.” It’s lively, sure, but the time value gets eaten up especially fast—if there’s no volatility, it automatically drops to zero… What old players say—“don’t take the last baton”—I understand it as don’t treat yourself as an exit for liquidity. Anyway, I’m more inclined now to use a small position and short cycles: if I’m wrong, admit it—don’t stubbornly hold on.