Do you think options are a bit like a bubble tea refill coupon... Recently, I’ve realized that the biggest fear for buyers isn’t getting the direction wrong, but that time quietly deducts your balance. Even if the underlying asset doesn’t move much, the premium keeps shrinking day by day; as for sellers, honestly, it’s like collecting a “time tax.” It looks pretty stable most of the time, but when a needle pricks you, the little bit of time value you’ve accumulated can be gone in minutes, not enough to cover.

I personally take a more laid-back approach: if I want to gamble, I treat it as paying tuition as a buyer, set a stop-loss and don’t get into a prolonged battle; if I want to be a seller, I have to admit I’m just picking up coins, and it’s best to have an umbrella in your pocket. By the way, I want to complain about the recent modularization and DAO layer narratives—developers are talking enthusiastically, but users (including me) are totally confused: so who’s actually paying the time tax… Anyway, I’ll just watch the fun for now, as long as I don’t get eaten by time.