Lately I've been paying more attention to options, and the more I look, the more I realize that time value is essentially asking: are you willing to pay rent every day for "uncertainty"? The buyer pays the premium, and every day it’s a little less; the seller collects rent but also bears tail risk, sleeping poorly at night.

Once I didn’t understand what volatility was doing, the order book was messy, and I thought the labels and conclusions from on-chain data tools were criticized for being lagging and potentially misleading... Anyway, that day I just decided not to act. The subsequent movements were indeed quite dramatic, but I don’t regret it—at least I didn’t treat time value as air.

Now I prefer to use indicators as signposts: only go in when I understand, rather than missing out, because I don’t want “time” to eat away at me little by little.