These days, watching options feels more and more like watching an exhibition: buyers are looking through an "possibility" aesthetic filter, and the time value embedded in the price leaks out every day, until on the expiration day, only "reality" remains. To put it simply, if the market doesn't move, time will eat you first.

The seller, on the other hand, is like the venue operator collecting tickets, hoping people come but not really ruining the scene. Most of the time, the time value is feeding the seller, but when big volatility hits, the ticket money they previously collected might not be enough to cover the loss all at once. I personally prefer small positions as a buyer; if I lose, I treat it as tuition, which is easier to accept psychologically. I'm a bit afraid of the seller's illusion of "steady rental income."

By the way, looking at Layer 2 projects and the mudslinging over TPS, fees, and subsidies, it also resembles the time value of options: everyone is fighting over the premium of "future narratives," and whoever can drag out time and keep attention wins the money first... Anyway, I’ll take it slow first, see things clearly before making a move.