These days, I see everyone interpreting ETF capital flows, what US stock risk appetite, and other crypto market ups and downs as if they are tightly linked. I watch and smile while scrolling: no matter how bullish the macro, the time value in options still deducts your blood every day. Buyers are like renters; if the market doesn’t take off on time, the rent (premium) burns every day. Sellers are like landlords; collecting rent feels pretty good, but once a black swan hits, the money to repair the roof might send you packing.

For someone like me with a testing-toxicity nature, the worst isn’t misjudging the direction; it’s the “grinding”—sideways movement until zero, which is even more painful than a sudden surge or crash. Sellers aren’t guaranteed profits either; if contract permissions or fund flows go awry, even the “landlord” can be caught off guard.

Next time, I might be more honest: not betting on long-term, preferring shorter durations and quicker losses… How do you generally endure this kind of time drain as a buyer?