"It is widely known that options traders, especially option buyers, are not the most successful traders. On balance, option buyers lose about 90% of the time. "
This is a very widely used figure (90%), and is a misconception. Lawrence McMillan who has traded options for a living, and is the author of an excellent book "Options as a strategic investment" puts the figure at a more believable 50%.
This is a very widely used figure (90%), and is a misconception. Lawrence McMillan who has traded options for a living, and is the author of an excellent book "Options as a strategic investment" puts the figure at a more believable 50%.