Recently, looking at options markets feels a bit like watching a food delivery countdown: the buyer is racing against time, the longer it drags, the more that time value seems to be quietly deducted behind the scenes; the seller, on the other hand, is basically waiting every day for time to wear down the opponent’s patience, but don’t pretend to be steady—when a big wave hits, all the premiums collected in the past few days might just be wiped out... For my kind of touchy positions, I occasionally want to gamble on an event as a buyer, but more often I treat small amounts as tuition fees—anyway, if the whole wallet gets wiped out in one go, I wouldn’t mind. The same logic applies to the on-chain game inflation + studio + coin price spiral: who has the time advantage is obvious at a glance.