When I used to buy options, I always felt like it was a lottery—bet it and you might turn a bicycle into a motorcycle. After losing a few times, I finally understood: time is the biggest player. The buyer is racing against time, while the seller makes their living off time. Anyway, I’m more inclined to be the seller now—steadily collect a bit of time value. Even if I make less, at least I can sleep at night.

In the past couple of days, I’ve been seeing discussions in the group about extreme funding rates—some people think it’s a chance to get in, while others say it’s about to blow up. In reality, no matter which side you’re on, any short-term leverage that’s taken to the max will eventually get eaten by time. Rather than getting tossed around by emotions, it’s better to ask yourself whether the underlying asset you hold has solid fundamentals in the long run. Being slow to react isn’t a bad thing. Wait for the storm to pass, and you’ll actually be able to see who’s swimming naked.