Lately, I've been a bit emotional when looking at options markets: buyers are actually in a tug-of-war with time, and each day that passes, the time value is deducted like rent; sellers, on the other hand, are more like collecting rent, and even if the market stays still, it can slowly wear you down. But I can't say it’s absolute—when you really encounter a sudden big drop or surge, the seller might blow off weeks of "rent" in one night, and that really tests your mindset. Recently, everyone’s been talking about rate cut expectations, the US dollar index, and risk assets sometimes rising and falling together. When the macro narrative shifts, volatility can flip quickly, so I now prefer to think of buyers as "buying insurance," with smaller positions and longer durations… Anyway, don’t try to fight time head-on; it’s easy to get educated by it.

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