“Expiration is never a surprise. We always know precisely when an option is going to expire. Because expiration and time decay are certainties, a favorite strategy of many option traders is to be a net seller of option premium.”

This is from http://www.capturingtheta.com/
(hat-tip Comp!ete)

You may be very good at buying options for profit, but for most this probably holds true – selling is more profitable, more often.

I’m just going to continue practicing 🙂 until I find out what works for me.

If you’re trading Options without understanding the greeks, then to an extent, you’re trading blind.

For example, IV crush, is generally where the unwary get punished on the long side, and has given rise to many of the myths regarding the advisability of being a “seller” of Options.

jog on
duc

http://www.investopedia.com/terms/t/theta.asp

Otherwise known as the “decay rate”?

By the way, after our exhange re: buying/selling options, I actually started making money with *buying* options, not selling. So it is possible 🙂

theta on your Options playing up?

jog on
duc