Lately, trading options feels a lot like buying a "ticket to time." The buyer wakes up every day being quietly charged by time value; even doing nothing, they're bleeding. The seller is like a landlord, most afraid that a big wave of volatility will shake the house down... Honestly, whoever has the advantage of time will eat up the other.

These days, the group is again discussing pledge unlocks and token unlock calendars, making everyone anxious about selling pressure. I actually think this kind of anxiety itself has a "time cost" — the more you wait, the more you want to run; the more you want to run, the worse you sleep. Anyway, as someone who collects junk memes, I buy small amounts like a lottery mentality. If I really had to be a seller taking on risk? I'd be a bit timid, just watching the show like a cat.