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Just plugged in the charger, and my phone is slowly climbing from 1%.
Suddenly I thought of the mood of a call option buyer: every second the battery percentage increases a little, but the time value is also leaking away bit by bit...
To put it simply, the buyer is racing against the clock, and if the direction is right, they just need to "make it in time."
The seller is like sitting there collecting electricity fees, looking pretty comfortable most of the time, until one day the voltage becomes unstable and directly trips the breaker.
Recently, the fee rate has gone to an extreme, and the group is arguing whether it's a reversal or just more bubble squeezing.
Anyway, I care more about: during these times, the buyer’s "alarm clock" gets set even faster, and the price gets ridiculously high;
the seller sees the time value eating away at them, and a single needle pricks through liquidity, which might cause them to spit out even more than they swallowed.
The torment of NFT floor prices is the same when moved into options: you think you're earning time, but in fact, time is also picking its targets.
Let’s leave it at that for now.