The longer I stay up late watching the charts, the more I feel like this about options: they’re most obsessed with “time.” Buyers see it melt away every day—if there’s no movement, time value slowly takes “nibbles” at them piece by piece. Sellers look pretty relaxed, collecting “rent,” but once the market goes haywire, that little bit of sweetness they’ve built up could all be spat back out at once—and they may even have to pay double.

Recently, the “airdrop season” has turned task platforms into anti-bot (anti-“witchcraft”) machines, and points-based systems have turned the crowd who’s always trying to farm rewards into people who grind like they’re at work… In plain terms, it’s just time being charged. If you don’t spend time, you don’t get to qualify; if you do spend time, it may not even be worth it. Anyway, I treat “simple” as a trap: the ones that look like “guaranteed profit” are probably just having you take on someone else’s tail risk. That’s it for now—keep scrolling.