Recently looking at options positions, the more I watch, the more I feel that time value is like a little monster: the buyer is racing against time, losing a bite for each day dragged; the seller looks quite comfortable, slowly collecting that "rent," but when big volatility hits, it’s a quick stab through. To put it simply, the buyer is betting on possibilities, while the seller is betting on patience and resilience.

These days, the “compound” or “shared security” method of “profit stacking” is being criticized again as a copycat, but actually the mindset is somewhat similar: everyone wants to turn time into a friend, but if they’re not careful, time can turn into a creditor… Anyway, I don’t dare to hold a too-heavy position now, I’d rather earn less to avoid losing sleep.