Recently, I've seen everyone linking ETF capital flows, U.S. stock market risk appetite, and cryptocurrency market rises and falls together in their analysis… It just makes me a bit tired to watch. Frankly, the harshest part of options isn't guessing the right direction, but the sneaky tax on time: buyers are gradually eaten away by time value every day, losing even if the market doesn't move; sellers are like collecting rent, but when a sudden spike hits, the losses can be quite sharp. Actually, my safety obsession makes me more afraid of "that black swan moment," preferring to earn less than wake up in the middle of the night. So if I really get into options, I would only take small positions and set up worst-case scenarios, anyway, first keep the assets alive before talking about anything else.