Lately, I've been thinking more and more that options are essentially "time" collecting taxes.

Buyers wake up every day to have their time value shaved off first; if the underlying asset doesn't move, you just wait for it to thin out.
Sellers seem more comfortable, like they have automatic replenishment, but when a big wave hits, the small amount of time premium they've eaten can be wiped out in an instant and might not even be enough.

So don't always ask which side to stand on; honestly, it depends on whether you can withstand "waiting" and "exploding."
I'm more impatient myself—buyers either need a very clear event/window, or they tend to get itchy and click around, ending up being taught by time.
Sellers aren't just giving away free money; if you don't manage your position and hedging well, you'll end up getting slapped by the market.

By the way, looking at the L2 side, where they argue daily over TPS, fees, and subsidies, it also feels like options: subsidies are like time value, early entrants eat it, latecomers take the leftovers...
Anyway, I’ll just make sure to get the calculations right first.