SPDR S&P 500 (SPY): Ridiculous. The reason most daily optio...

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Porgie Tirebiter

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Porgie Tirebiter

Re: NewYorker567 post# 341706

Saturday, 05/22/2021 12:42:50 PM

Saturday, May 22, 2021 12:42:50 PM

Ridiculous. The reason most daily options players lose money is because they are using options to gamble making short term bets on price movement of the underlying issue.

The odds are very poor on such a bet. The more repetitions one makes gambling with poor odds, the more likely one is doomed to lose. It's the same principle which makes the casino business so lucrative.

Anyone who thinks they know what short term price is going to do has no business trading options.

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