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Options, to put it simply, are about whether the "time" will be on your side during trading.
Buyers see it as cheap, but in reality, they are being slowly eaten away by time every day; even if the market doesn't move, they can still lose money.
Sellers appear to be collecting rent on the surface, but when a sudden big spike occurs, all the gains they've accumulated can be wiped out, and it might not even be enough.
Recently, with new L1/L2 tokens starting to offer incentives to attract TVL, old users complain "mining, selling," but I think it’s quite similar to the buyer’s situation: getting the tokens feels great, but over time, the value just keeps dropping, and in the end, it still depends on volatility to save the day.
Anyway, I’m now more concerned about whether I’m betting on "movement" or on "no movement."