Recently, the only feeling I have about options is this: time value is basically eating away at the buyer’s patience. You’re buying “possibility,” but every time you wake up, it automatically chips away at you. The seller, on the other hand, is like collecting rent—even if the market doesn’t move, they can slowly wear you down until you’re gone. Of course, when you run into that kind of sudden one-sided move, the seller can also be pierced right through like a needle, and it blows up very cleanly.

It also makes me think about how everyone is complaining lately that miners/validators are getting too well-fed, and that MEV makes ordering unfair. The logic is actually pretty similar: whoever controls “time/order” is more likely to turn that grindy part into profit. Retail traders race on-chain to get ahead, and in options they wait for the breakout—ultimately, everyone is running against time.

As for me, I still prefer to buy fewer options that are just pure gambling on volatility; I’d rather wait until the narrative truly lands and then move. For now, I’ll go check the expiration dates of my positions again for this week.