Lately I've been looking at options again, and the more I look, the more I feel that time value is quite "biased": if you're the buyer, you wake up every day to find it quietly thinning, and even if the market doesn't move, it can wear you down; if you're the seller, it's like collecting that little "patience tax," but honestly, it's also trading off tail risk, and a big wave of volatility could wipe out all the gains you've accumulated before.

For someone like me who has orders sitting there until they cool off, buyers usually only dare to pick key levels and extend the expiration date a bit, otherwise the time decay is just too real; sellers also don't dare to sell naked casually, preferring to earn less and sleep peacefully. Recently, hardware wallets are out of stock, phishing links are everywhere, and suddenly I feel that besides "who is eaten by time value," account security is also eating away at many people's confidence... Anyway, I treat all links as mines—if I don't understand them, I don't click. How about you?