Last night, I got itchy again and went to buy options as a buyer.


In the first few minutes after opening the position, it looked pretty good,
but then the market didn't move much, and I watched helplessly as that little bit of time value evaporated little by little,
like being secretly charged in the background...
To put it simply, I didn't lose to the direction; I lost to "time passing."
On the other hand, being a seller is very much like collecting rent—if volatility doesn't come, you just earn passively,
but once a big spike hits, the position becomes a psychological test:
Can you handle the margin calls that come with it?

My current understanding is:
Buyers are buying "stories + hope,"
sellers are selling "patience + resilience."
Time value mainly eats up the buyer's hesitation and the waiting period for the market to move,
while sellers are eating their opponents' anxiety (and the risk of blowing up themselves).
Just like recent modularization and DA layer narratives,
developers are excited to death, but users are confused—
Buyers are betting on "someone will understand in the future,"
sellers are betting "you won't wait for that day."
Anyway, I’ll just reduce my position size for now and pay less tuition...
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