I tried being an options seller once, thinking it was cool that "time is on my side," but then the market suddenly went haywire, and that little bit of theta income couldn't cover the delta blow...



Now hardware wallets are sold out, phishing links are everywhere, and I suddenly realize that keeping money takes more patience than making it. Options: the buyer fears time stealing value, the seller fears a black swan stealing principal—either way, something is eating away at you, just with different flavors.

That's it for now. I'll hide my Ledger and look at the narratives tomorrow.
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