Recently watching options markets, the more I look, the more it feels like eating noodles: the buyer adds some spice for a quick thrill, but in the end, the time value is secretly stealing your few sips of broth every day. To put it simply, you're buying "volatility + time," and if the market doesn't move or moves slowly, even if you're right about the direction, you can get worn down to the point of mental breakdown.

On the seller's side, it looks stable, but actually they're collecting "waiting for you to make a mistake" money. The biggest fear is a sudden big spike that flips the pot over, especially now that everyone is talking about rate cut expectations. The US dollar index sometimes moves together with risk assets, and when the rhythm gets chaotic, the seller's premium isn't enough to cover sleep.

I'm now more willing to first use a small position to test the waters as a buyer. If I lose, I just treat it as tuition. If I really sell, I only dare to sell short-term options with strict margin monitoring... Anyway, don’t pretend you can withstand a black swan.