Are covered puts gambling? I don’t think it’s rational to talk about “options” as if they’re all created equal. I think you’d find fewer people disagreeing wi

Are covered puts gambling? I don’t think it’s rational to talk about “options” as if they’re all created equal. I think you’d find fewer people disagreeing with you, if you disambiguated by specifying naked puts and long calls. Covered puts are downside insurance, like buying flood insurance for your home. It doesn’t make sense for these to be spoken about in the same category, but by talking about “options trading”, it gets lumped in.