① Am I buying an "event" or a "feeling"? What is the "certain event" corresponding to this Long Call? Allowed events: earnings reports (with expected divergence), product/technology milestones (AI, FSD, product launch), clear policy/industry catalysts, extreme mismatch between valuation and sentiment ❌ If the reason is: "feels like it's going up", "it's fallen so much it should rebound", "afraid of missing out if I don't buy" 👉 Direct NO ② Is the current IV helping me or screwing me? The first enemy of Long Call isn't direction, it's IV...