When I look at the options order book, there’s always someone arguing whether the buyer is foolish or the seller is bad. Put simply, time value is basically a machine that automatically deducts fees every day: if you’re the buyer, you pay “rent,” and even if the market doesn’t move, you’re still bleeding; if you’re the seller, you collect rent, but don’t pretend it’s all easy—if a big drop or a big rise really comes, what you owe might not be just a few days’ rent, but the cost of a whole year’s renovation.

I personally lean more rational: if you want to bet on direction, admit you’re paying for time; if you want to profit from time, admit you’re selling tail risk. Don’t fire back and forth using a single PnL screenshot, and scaring people with Greek letters doesn’t help either.

By the way, let me vent a bit about on-chain data tools and the tagging system—it’s also normal to be told they’re lagging or potentially misleading. It’s fine to use them as a rearview mirror, but if you treat them as navigation, it’s easy to end up in a ditch. My approach is just one “patch”: remember key addresses yourself, keep your position smaller, and first plug the holes that are easiest to miss.