I can think also of another scenario, where one trader could be moderately profitable but undercapitalized. Of course this is unlikely (being undercapitalized goes against being profitable), but possible. Under these circumstances, providing a mentoring service could be a way to get some reliable extra income with less correlation to the market.
Thanks for the details. You know more about the insurance business than I do, and I have now learned a bit more. I think for most retail option traders, this level of understanding is sufficient: https://tinyurl.com/y55j5ntr.
Have been reading the different links and services thanks to the thoughtful tips. Anyone could comment on SteadyOptions please - i.e if you are subscribed, are you happy with the service and would they provide trade alerts pre-market? (pre-market would help me due to time difference). Cheers