I've been watching the market so closely lately that I feel a bit numb... Options, to put it simply, are just time charging. If you're the buyer, every extra day you hold, the time value is like slowly deducting your salary; if you're the seller, you collect "rent" every day, but occasionally a big wave can directly wipe out the house. I used to think that when the buyer loses, it's because they have bad luck, but actually, many times it's just holding on too long, and before the market explodes, time eats away at everything.

By the way, I recently saw everyone complaining about miners/validators' income, MEV, and fairness in ordering, saying that on-chain is also "collecting tolls." It feels quite similar to options sellers: it looks stable most of the time, but when there's a sharp fluctuation or a squeeze, retail investors suffer a lot. Anyway, I do perpetual night shifts, and there are only two things I can do: don't get emotionally attached, cut losses quickly; and if I really want to buy options, I try to choose the "time cost" I can accept, otherwise it's just spending money on anxiety.