Wait sir, I only look at the price of the option. I supposed all the greeks are baked into the price so am I ignoring the greeks?
I have no idea who he is. OK I will google him when I have some free time in between writing VBA excel codes and reading ET posts.
I just did. Interesting character, expensive service, Cornell graduate, wow! A lot of people were hyping him online?
I read his method and now understand your point: One who advertises to us newbies on how we can generate steady extra income selling premium at extremely low risk (to a newbie, like printing money). He claimed 100% win rate in 2019 and made 115% profits! Almost as good as the website advertising we can make $2.8M in our spare time trading options and we only have to pay a small monthly fee. So many get rich quick schemes! I better sign up.
If you think you can get rich trading vomma, go ahead but the options basics books I have read never even mentioned it.
None of this shit will make you rich,but having a good understanding how changes in vol affect your position should be known...before the change happens