These past few days, watching the market has been a bit annoying: options, to put it simply, are a small meat grinder for time value, grinding away every day. Buyers don't want to "predict the right direction," but need a sudden spike in volatility before time runs out; otherwise, even if you're right about the direction, you'll still be dragged to zero. Sellers are like landlords, slowly eating away at time value, but the biggest fear is a big spike piercing through you, especially when funding rates are extreme. The group chat keeps arguing whether to reverse or continue squeezing the bubble. I personally prefer to pull back a bit and not hold firm at the same point. Let's see what happens.