Recently, I've been looking at options markets again. To put it simply, buyers are racing against time, while sellers are racing against volatility. The time value is decreasing every day, and most of that decline is actually the buyer "paying rent." If you don't act, you'll get eaten; sellers may seem to be collecting rent, but if a sudden spike (especially on-chain, where MEV or reordering causes chaos in instantaneous volatility) occurs, the rent collected could be wiped out in a day or even cause a loss.

I understand retail traders' complaints about validator income and fairness in transaction ordering. When volatility is amplified, the most painful for buyers is: even if the direction is correct, time can erode your position.
What I fear most isn't losing money, but that even if my strategy is right, hesitating for two hours during execution can let theta teach me a lesson. Anyway, I now mostly treat options as risk management tools. If I were to be a buyer, I would also pay attention to "how long I must act," or else I’d just be working for the market.