I’m now more inclined to treat options like “buying tickets,” not like someone who sells tickets every day… As for time value, in plain terms it favors the buyer: if you do nothing, it bleeds away a little every day, grinding at you until your mindset finally breaks. The seller looks like they’re collecting rent, but once a strong wind blows for a while, the little scraps they picked up earlier might not even be enough to give back—at least, not all at once.

So my own approach is pretty timid: I only consider being the buyer when the trend is favorable. If the direction is uncertain, I just don’t touch it, or I try with a small position—so I don’t get worn down until there’s nothing left of me. Lately, the whole “yield compounding” setup that I’ve been re-staking has been making a lot of noise, and I’m a bit wary as well: stacking layer upon layer of “matryoshka dolls” looks lively, but when trouble really hits, time and risk might come settle the score with you together. In any case, when the wind gets strong, I’ll retreat first—let’s leave it at that.