Do markets like this make you more patient with premium or more willing to pay for it?

Gold moved 1.8% on a single Truth Social post yesterday. Reversed partially when Iran denied it. Then NFP today on top of that.

From an options perspective — do markets like this make you more patient with premium or more willing to pay for it?

My instinct is that the volatility feels "real" but a lot of it is already priced in. You're buying insurance after the car already got hit. And if ceasefire actually materializes, you get IV crushed fast.

But sitting on the sidelines when gold is moving 2% in a session feels like its own kind of risk.

How are you structuring exposure in this kind of environment — defined risk plays, or staying mostly flat?