Bitcoin dropped over 5% in the past two days but quickly rebounded. As a leveraged high-risk derivative, the core advantage of long options is its high tolerance for error, which is perfectly reflected here. It is unafraid of short-term market fluctuations, and the position will never face the risk of forced liquidation of futures contracts before expiration. However, the price of this high tolerance for error is time, as it slowly sacrifices the value of the position to exchange for space. $BTC

Time is the biggest enemy of the option buyer and the best friend of the seller. Occasionally, one must switch back and forth, timing to be an enemy of time for a while, and then being a friend, or being both a friend and an enemy of time to enhance overall returns.