No. of Recommendations: 2
Those factors should be trivial if one is trading on the opposite side of "the worst retail strategy there is, bar none" using heavily traded options.

Well, it's quite possible for both sides of a strategy to be losers (overall). The problem with selling options is that the gains are frequent although small, and the losses are infrequent although large. It is easily possible to lose more money on one loss than you made on the previous 15 wins.

the majority of purchased options expire worthless,

This doesn't mean what you think it means.

you can still make annual returns of 15-20% doing nothing but being a net seller of options.

You really think so? Does Goldman Sachs know this, and why aren't they doing it?
The options market doesn’t give money away for free.
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