Lately I’ve been tinkering with options again. I bought a few calls and only then realized that the time value thing is no joke. Buyers always think that as long as the direction is right, they can profit, but theta bites you every day—especially as expiration gets close. You wake up one morning and the out-of-the-money value has turned into nothing but worthless paper. By contrast, the seller is basically the landlord: you “collect rent” as time passes and it can feel like easy money, but you have to be able to withstand extreme volatility.

Old hands always say don’t grab the last round baton. The whole meme-coin plus celebrity “urging/handing out trade calls” setup really does feel too much like gambling. I lean toward the seller side: sell puts to collect the premium, and choose projects whose fundamentals are at least decent—at minimum, they can hold up against some volatility. But you also can’t get too greedy; you need to get position management squared away first.

That’s it for now—I’m going to check whether I got liquidated.