The answer is inline with what your friend is telling you. They are so efficiently priced that it would be like spending time betting on a coin...
Because you are giving up something to get it. Shouldn't reduce or add, do it thousands of times and it should be neutral. This guy. Only one...
Epicurious, The funny thing is that is backwards. It is almost impossible to effectively price volatility in the short term (instantaneous...
PKAY, I was always a net long options trader. Slept better that way. Mathematically options are priced in a manner where there is no advantage...
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