I don’t know, no one asked that followup question, everyone just accepted it. There’s probably more to it he didn’t elaborate on. I assume it depends partly o

I don’t know, no one asked that followup question, everyone just accepted it. There’s probably more to it he didn’t elaborate on. I assume it depends partly on asymmetry of information between a more sophisticated option seller (like Universa) and buyers (especially retail). Maybe also the ability of the seller to sell a diverse heterogenous mix of options and construct the mix to achieve a small positive net revenue. Options sellers tend to blow up eventually when they sell way out-of-the-money options, and this strat avoids that at least.