Recently, there's been a discussion again about whether option buyers or sellers are more "comfortable," essentially depending on who the time value is eating away at.

Buyers wake up every day being pressured by depreciation to make decisions: if the market doesn't move, they lose money; if it moves too little, they still lose money; sellers, on the other hand, rely on collecting rent over time, but in the case of an extreme spike, all the gains they've accumulated can be wiped out.

I personally see options more as insurance: holding large positions in spot/low leverage, buying some protection in smaller positions, preferring to pay premiums rather than get liquidated in a margin call.
Recently, comparing RWA and US Treasury yields, along with on-chain yield products, I think it’s also similar to a seller’s mindset: earning some "interest" normally, but who bears the tail risk? You need to think it through first.
Anyway, I’ll just make sure to fold my parachute first.