You say options are pretty shady, don’t they… The buyer wakes up every day and gets cut down first by time value—still losing even if nothing happens. Their mindset is especially likely to turn into “I just need a big move to save me.” The seller looks like they’re collecting rent, but really they’re trading away tail risk for small change. It’s pretty comfortable most of the time—until a black swan hits, and then they have to spit back everything they made, with interest, all at once.

Recently, around that mainstream public chain upgrade/maintenance, everyone in the group has been guessing whether the project should migrate. But I feel like this is a classic case of “buyers want the plot to flip, sellers want a smooth night.” In plain terms, what time value eats up is the patience to “wait for a miracle.” If you can afford it, keep playing; if you can’t, don’t stubbornly tough it out. That’s all for now.