Recently, I’ve been feeling a bit emotional about options: buyers are racing against time every day, with theta ticking away like a clock; sellers appear to be “collecting rent,” but in reality, they’re betting that nothing big happens—an explosion could wipe out all the gains made so far. To put it simply, who is time value eating? Most of the time, it’s the buyer, but when a black swan appears, it’s the seller who gets hit back.

I tend to be slow myself, not really fond of the “if you don’t buy today, you’ll miss out tomorrow” mentality, preferring to do fewer trades. Now, with airdrop season making everyone feel like clocking in at work, task platforms are still anti-witch-hunting, and the points system is getting more competitive, more like KPIs… At this time, it’s easier to get itchy and buy short-term options, betting on a quick move. Anyway, I remind myself: buyers aren’t paying fees, they’re paying anxiety; sellers aren’t earning steady money, they’re taking on tail risk. Let’s start with this, and admit mistakes if they happen.