Recently, when looking at options, the more I observe, the more I feel that this thing called time value is quite "elitist": when the market is stagnant, it quietly leaks out of the buyer’s pocket; when the market really moves, it first demands that you move quickly and aggressively, otherwise it still doesn’t acknowledge it. On the seller’s side, it’s basically collecting money for “whether you can catch up or not,” enduring sideways movement is comfortable, but when a pin pricks down, it’s quite frightening, and you can’t sleep soundly.

These days, Meme and celebrity shoutouts are back in trend, and newcomers are most likely to impulsively buy some “feeling like it will explode,” but the signal isn’t actually about how loud it’s shouted, but whether you’re willing to admit it: the speed at which the hype fades usually happens faster than you think. Veteran players say don’t take the last hit, and now I understand—many times, the last hit isn’t about price, it’s about time.