Someone asked me whether options should be the buyer or the seller—in plain terms, it’s basically time value that eats away at who. My feeling is: every day, the buyer wakes up to find their “wages” being deducted by “time”; even if the market doesn’t move, it can grind you down until you start doubting life itself. The seller looks like they’re collecting rent, but once a needle comes along—a sudden tick, a sudden piece of news—the little bit of premium they built up may come right back out overnight, and even leave them paying extra. Either way, I’m more afraid right now of getting emotionally carried away to chase the buyer, losing slowly but in a way that really hurts. Sellers also don’t dare to hold too big a position—one blow-up is enough for them to spend half a month doing a post-mortem.

By the way, lately hardware wallets have been out of stock, phishing links are everywhere, and I’ve found that the more anxious I get, the easier it is to click the wrong things… So no matter whether you’re buying or selling, first get your account security locked down—so in the end you’re not the one getting eaten by time value, but by your own slip of the hand.