Options, to put it simply, the time value is constantly deducting fees every day, it just depends on which side you're on where the deduction is more obvious.


Buyers are like renting an umbrella; if it doesn't rain, they still don't pay rent.
Sellers are like collecting rent; life is pretty comfortable, but if a heavy rain suddenly comes, they might lose all the rent they've collected so far.
Recently, there's been talk about increasing taxes and regulations in certain regions, tightening and loosening at different times, with deposit and withdrawal expectations fluctuating.
When emotions fluctuate, implied volatility jumps along with it, making the cost for buyers more expensive, and sellers more likely to "seem to profit but actually bear the risk."
I'm now more concerned with the process: keep positions smaller, think through the worst-case scenario in advance, and don't treat time as a friend; it usually isn't on your side.
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