Trading philosophy: Options are just different, Why?

ha ha. mike.. on the dot..

not only do I/we prefer to be the insurance company, we only sell policies to folks who we know with high probability are not going to crash on us.... and even if they do , we roll the payout to next month to see if they re crash on us....

 

Yep that is the way to do it. those less than 10 deltas are pretty safe drivers

 

And I'd add that if you're going to trade, use the less than 100 delta options to hedge and trade the 100 delta underlying.