It isn’t like a coin flip though. You can sell the option before expiration. And the seller of the option is harvesting premiums for their own reasons. The whol

It isn’t like a coin flip though. You can sell the option before expiration. And the seller of the option is harvesting premiums for their own reasons. The whole game is much more complex. I haven’t thought about whether it’s zero sum in super great detail but my gut says it isn’t.