Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Bob]

I believe that's a very misleading statistic, because profitable options positions get closed out for a profit. I know the only options I ever let expire were the ones that were already worthless.

However, in my opinion buying options is still a lot like gambling against the house (big players and company employees writing calls against their positions). But what really gets me is the huge bid/ask spread (often seems to be 10%).