These days, the group is again sharing screenshots about stablecoin regulation, reserve audits, and various "de-pegging" concerns. When emotions run high, everyone wants to hedge with options. To put it simply, option buyers are buying "time + possibility," waking up every day being slowly eaten away by time value; sellers, on the other hand, collect this "rent," but the tail risk is like the thickest encyclopedia on the top shelf of a bookshelf—usually left untouched, but if it falls, it’s quite dangerous.

I’m more like someone who sells time rather than chases time: keeping positions smaller, collecting some premium, and clearly outlining how to handle the worst-case scenario. Of course, buyers are happy—if the direction is right, they fly high; but more often, you don’t get to see the climax of the story before the options expire… For now, that’s it. I’ll update a few more positions tonight.