I started a topic a while ago about how a short put is > a long put because it can make profits 4 different ways (up a little, up a lot, down a little, & sideways), when a long put can only make money 1 way. (Down a lot) Same goes for short calls > long calls. This video talks about it with examples using spreads.
We went over this last time LOL. No they are not. Yes, on a risk profile chart they will cancel each other out or whatever but they aren't the same probabilities of pnl.
You're exchanging hit rate for leverage. ATM discrete spreads (basis the synthetic) are equivalent risk. You harping on a deep otm short put being "better" than a deep otm long put is just rookie stuff. It's embarrassing. Stop these nonsense threads and they are derivative of other nonsense threads as you mentioned above.
We aren't comparing the same thing. The only metric I'm interested in is probably of profit. A short put inherently has a higher probability of profit because time decay works in its favour ..so nothing has to happen to become profitable. Risk is irrelevant.
Short premium as in positive theta lol...hey I just picked up #2 of my new additions! Anyway, I do realize you are correct on a level I'm not even comprehending really but I'm just pointing out that the video is saying the same thing.