On the whole, buying options is a losing proposition. Options were literally designed as insurance against unfavorable moves. What happens with insurance companies? They usually make a whole fuckload of money. It's those long tail, black swan events that wipe them out.
On the whole, buying options is a losing proposition. Options were literally designed as insurance against unfavorable moves. What happens with insurance companies? They usually make a whole fuckload of money. It's those long tail, black swan events that wipe them out.