These past few days, I've been a bit emotional watching the options market: buyers are being slowly "deducted wages" by time value every day, and if they do nothing, they lose; sellers seem like collecting rent, but actually they are taking tail risk as principal, earning small amounts normally, but if something goes wrong, they could lose several months' worth of gains all at once. To put it simply, who time favors depends on whether you can withstand extreme volatility.

Recently, cross-chain bridges have been hacked again, and oracles reported outrageous prices, with everyone on the chain collectively "waiting for confirmation"... In such times, the limited loss for buyers actually allows them to sleep well, while sellers without hedging will have their heart rate really accelerate. Anyway, I think sellers now dare not just focus on premiums; they should first think through the worst-case scenario.