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I used to lose money so consistently buying options I thought, “Hey, I should sell options”. Now I make money pretty consistently.

• caffeine 6y ago
  Most underrated comment, this is hilarious. "More than 80% of options expire worthless!"
  • dbancajas 6y ago
    source on this claim?
    • caffeine 6y ago
      It's not a claim, it's a reference to a reddit trope which is funny because it's technically true (i.e. by construction most options do indeed expire worthless), but so incredibly stupid and naive. Obviously the idea that it's generally better to buy or sell options (or any asset) is idiotic - if the asset is mispriced, you trade in the direction to take advantage of the mispricing. I assumed this was the joke my parent comment was making as well.
• dbancajas 6y ago
  selling naked or cash covered options?
  • xwdv 6y ago
    Covered