I just closed the options interface, and staying focused for too long can easily mess with your mindset... To put it simply, buyers are betting on "possibility," and the time value decreases every day when you wake up. If you do nothing, it's like being quietly charged; sellers are collecting "time," and most days are quite comfortable, but when a big wave really hits, the little premium you earned before might not be enough to fill a gap.


When I look at options, I break it down into three things: Are you betting on the direction, betting on volatility, or just betting on time working in your favor? Recently, Layer2 has been comparing TPS, fees, and subsidies—it's lively, but subsidies are like the time value of options; they fade away as time goes on, and in the end, the risk is borne by the buyer. Anyway, I prefer doing less and lasting longer.
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