Options 101
How to & what not to do
First, the bad news. 80% plus of all options expire worthless. Yup, worth $0. Knowing this, why would anyone buy something that has such a high probability of being worthless?
Hopefully, you quickly thought “wait the seller of those must be happy?” Yes, selling puts and calls, in our view, is a terrific strategy done properly. But we preface, which w…