> "%90 of options expire worthless, the real money is in selling them!" -- Abraham Lincoln It's risk-reward thing, akin to 90% of disaster insurance policyhold

> "%90 of options expire worthless, the real money is in selling them!" -- Abraham Lincoln It's risk-reward thing, akin to 90% of disaster insurance policyholders won't make claims, but when the hurricane happens, you're gonna be screwed because the premium of the insurance is not calculated by an actuary but by the market where if you're an overzealous option seller, will have underpriced such that you may not have enough capital to cover the cost. If you want to read more about option selling, I highly recommend Malcom Gladwell's New Yorker piece http://gladwell.com/blowing-up/ http://gladwell.com/blowing-up/ or you can also learn the way I did, by trading and being humbled by the market. P.S. Options came into fashion in the 60's, so I don't think Lincoln ever got into financial engineering with financing the Civil War...