Yes, you are definitely correct, especially for those playing weekly options. I guess I am in the minority here as I mostly post for macro/TA discussion, but actually very rarely trade SPY or SPY options.
Scaling in via DCA in leveraged ETFs, distressed equities, or OTC plays is more my game which is why I am okay with being early.
Fun story on that side, Bought AAPL 4/17 $290 puts in January for $10.00/contract..they got all the way down to $2.00 in lat February/early March. I averaged down and sold for a 10% gain after thinking I would be taking a big goose egg on them. Two weeks later, they hit $70.00/contract from that $2.00 range arghhhhh. That was my yearly reminder that options are not my game. GL to you this week