> Selling options is also like that. There are plenty of bad options traders, particularly retail...but this is an oversimplification. You can buy an index fun

> Selling options is also like that. There are plenty of bad options traders, particularly retail...but this is an oversimplification. You can buy an index fund, and it can go to zero (however unlikely). You're not guaranteed any return, whereas at least selling an option has some guaranteed fixed premium. Professional options traders are incredibly sophisticated, and most of the tail risk is offloaded to people who are always long biased. Options as a whole massively improve price discovery in markets.