Options, to put it simply, are about collecting rent over time. The buyer pays the premium, and their biggest fear isn't misjudging the direction, but rather the market stagnating so that there's no volatility, and the time value is eaten away day by day; the seller, on the other hand, profits from the passage of time but has to withstand "that black swan moment," where a single needle puncture to the margin can be very awkward. Many people only focus on win rate, ignoring that you're trading against time: you're buying "get moving quickly," and selling "don't move recklessly." I personally care more about whether my position can survive the worst-case scenario, keeping the margin ratio a bit more relaxed; otherwise, once the liquidation threshold hits, there's no time to react. Recently, hardware wallets are out of stock, phishing links are everywhere—it's quite timely—since the slow part is the erosion of money by time value, but a single wrong click on a link could wipe everything out. Anyway, first get past the security check before discussing strategies.

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