: While time works against the option buyer, it is the seller's best friend. As each day passes, the value of the option erodes, moving money directly into the seller's pocket.
In The Complete Guide to Option Selling (Second Edition), James Cordier and Michael Gross challenge the "buy and hold" status quo, arguing that the true money in the markets is made by the "house"—the sellers. While many traders lose money chasing long-shot gains, this book provides a blueprint for generating consistent income by exploiting the statistical reality that the majority of options expire worthless. 📉 The Seller’s Edge: Why the Odds are in Your Favor The Complete Guide to Option Selling, Second Ed...
: Roughly 75% to 80% of all options held until expiration expire worthless, giving sellers an inherent statistical advantage from the start. : While time works against the option buyer,
: New chapters explain how to treat volatility as a tradable commodity, finding ideal entry points when others are panicking. While many traders lose money chasing long-shot gains,
: The book emphasizes selling across diverse markets—equities, indexes, and especially commodities—to minimize correlation risk.