Lately, watching options feels a lot like running processes in a DAO: the buyer pays an "urgent fee," the seller acts as that slow approval person, and the time value quietly deducts someone's salary every day. Basically, it's about eating the buyer's patience. You think you're betting on the direction, but more often you're betting on "how long it takes" for it to happen—drag it out, and it gets worn down. Of course, the seller isn't earning for free; if the market suddenly goes crazy, they have to take the blame themselves. Like incentive design, they pick up small gains most of the time, but occasionally take a big hit.

These days, someone also tries to interpret ETF capital flows, U.S. stock risk appetite, and crypto price movements as if they're all tightly linked... Anyway, after watching too much, I get numb. When emotions rise, the first thing to be eaten away is still time. There are many tutorials, but I actually prefer those that review "how people die," at least they don't hypnotize you. Let's leave it at that for now.