I've been looking at options these past few days, and the more I look, the more it seems like I'm examining how "time" is taxed.

Every day, when the buyer wakes up and opens their eyes, the time value decreases a little; if there's no volatility, it's slowly eaten away.
The seller, on the other hand, is like collecting rent—what they fear most is a sudden spike that sets their house on fire.
Usually, they earn steadily, but one mishap could wipe out their gains and then some.

In the group, there's been talk again about stablecoin regulation, reserve audits, and various rumors of "de-pegging."
Honestly, emotions are like the implied volatility of options—when panicked, they become expensive; when calm, they leak back out.
I personally prefer the "backup first, then tinker" approach: smaller positions, more margin reserved, so that a single piece of news doesn't crash my entire system...
Anyway, assets are kept in cold wallets first; if I fall behind a bit, so be it.