Just watched the liquidation queues of a few options pools on-chain, and it’s pretty interesting.

On the buyer side, they’re thinking “if the direction is right, you can eat”—using time value as fuel to burn; on the seller side, put simply, they’re selling time—if they can afford to wait, they profit from that “waiting” fee.
Recently, those few stolen-coin transactions across cross-chain bridges—right after the oracle pricing goes wrong, that awkward “wait and confirm” moment—suddenly feels a lot like options: when time isn’t enough, even if the direction is right it’s still in vain; when time is extended, risk piles up too.
Anyway, the ones who run early and the ones who hold the price—who exactly is eating whose time…
For the next pricing anomaly, guess which side runs first.