Just now, my phone popped up a red dot reminder saying "Volatility is rising," and I almost clicked to buy a bullish position... Then I remembered that old approach: when you're the option buyer, you're actually racing against time. Time value is like paying you a little "rent" every day. If the market doesn't move strongly for a while, you'll be gradually eaten away; conversely, the seller is more like collecting rent, but it's not free—if a big spike suddenly breaks through the structure, you can lose pretty quickly.

To put it simply, who is time value eating? Most of the time, it's eating someone like me—an impatient type... I impulsively buy, and if it doesn't hit my expectations, I start comforting myself with "wait a bit longer." Now I try to write down my reasons for entering: am I betting on the direction or the volatility? I set an alarm to admit defeat at a certain point, or else I’ll really be worn down by time.

By the way, the recent NFT royalty disputes are quite similar: creators want continuous income, but the secondary market complains that fees affect liquidity... It feels a lot like option sellers/buyers, both about who takes the "money of time." Anyway, I’ll hold back first and not get caught up in the hype again.