Don't they just balance out so that the long term outcome of selling puts is equal to (or almost equal to, if you look at CBOE PUT index) the returns you get for holding the underlying? So, perhaps people who sell puts thinking it is free money is actually not free money? Regards.
Tax considerations are the most important aspect of trading the last week of the calendar year. All professional traders/marketmakers are preparing to mark their trading inventory to the market.
selling the 120+ day strange is the best way to make $. It requires very little analysis or predictions . roll and cover after a month, repeat