These days, watching the market feels a bit like tracking a typhoon's path; the more I watch, the more I realize that the time value in options is just an "automatic deduction," with the buyer being worn down a little each day, especially when the market moves sideways: you clearly judge the direction correctly, but it just doesn't move, and Theta, this slow knife, keeps cutting.

The seller, on the other hand, is like collecting rent; as long as nothing big happens, it's quite comfortable, but once a sudden spike occurs (especially now with all kinds of news and on-chain liquidations chaining together), that accumulated premium might be wiped out in one go.

Recently, there's been a lot of talk about miner/validator income, MEV, and fair ordering, right? Basically, everyone complains that the "hidden tax" is too high: on-chain you're squeezed, in options you're eaten by time, and the experience is pretty similar—you're paying the cost while others gain certainty.

I'm not going to bother with this anymore.