Hi! Thanks a lot for sharing the study. I agree with your point. But it's also important to note that options trading can be both lucrative and risk-mitigating

Hi! Thanks a lot for sharing the study. I agree with your point. But it's also important to note that options trading can be both lucrative and risk-mitigating. For example, how would everyday investors protect themselves from a potential market crash?? They cannot bet against the market since short-selling is out of reach for the majority of retail investors.. But with options they certainly can. In fact, people can even benefit if stock prices stay essentially the same. Indeed, it's very likely that most retail investors currently lose money while trading options. I traded options professionally in the fund for more than 8 years. There are numerous technicalities that people should be aware of. Otherwise, they are likely to make some basic mistakes that no professional trader would. For example, when someone owns a deep in-the-money call and the ex-dividend date is approaching, that someone should exercise his/her call and buy an identical out-of-the-money put. To my despair I found out (from Reddit options trading groups) that most people are completely unaware of that and keep on making basic mistakes, that in turn accumulate and cause retail traders to lose big. So essentially most ppl do not lose because the were wrong (let's say about the direction of Intel post-earnings release), but because the basic trading mistakes turn profits into losses. Sadly, no retail brokerage offers any meaningful support to retail traders, be it Charles Schwab or Robinhood. It's also true to say that mistakes of retail traders amplify the wins of professional traders: in the past retails were called "dumb money" but now industry insiders refer to them as "free money". At Strikes we aim to level the playing field for the retail options trader, by making sure ppl stay aware of all potential pitfalls and avoid making basic trading mistakes. We are still busy finalizing the app but this is the link to our waiting list: https://www.trystrikes.com/ https://www.trystrikes.com/ Would love to hear your feedback!