I've been "educated by the concept of 'time value'" for the third time... Options, to put it simply, the buyer is racing against time. If the market doesn't move as quickly as you expect, even if you're right about the direction, you can still be gradually eaten away; the seller is more like collecting rent, earning a small amount every day, but occasionally a big spike can wipe out all the gains accumulated before, or even cause a loss. Recently, Meme + celebrity shoutouts and attention shifts are even more obvious, and buyers are most likely to get caught up: watching others get rich overnight, rushing in themselves, and the time value starts to eat away at you first. Anyway, I only trade what I understand now: prefer small positions, short cycles, and before entering, write down the maximum drawdown I can tolerate, or else it's easy to take the final hit.