Lately I've seen quite a few people talking about options again, and it feels like "buyers desperately buy hope, sellers collect rent but can't sleep peacefully." I used to be impulsive and also played the role of the buyer; when the market is stagnant, it's the hardest—it's not losing on the direction, but time gradually wears down your enthusiasm... Conversely, sellers see the daily time value flowing in their favor, so their mindset is indeed more stable, but when a black swan hits, they immediately go from "collecting rent" to "covering margin."

To put it simply, time value mainly benefits the buyer: you not only have to bet on the right direction but also on the right timing; sellers earn the probability money of "most of the time nothing big happens," but tail risk is the real danger. Recently, the wave of AI agents and automated trading also feels similar—when everyone hears the narrative, they want to leverage and use options, but on-chain interactions are too complex, safety details are overlooked, and in the end, it's often fees plus time that drain people. I still prefer dollar-cost averaging and rebalancing; I treat options as a seasoning, not letting time make me lose patience.