That's true, but the point of my thread was I think that these options have been underpriced, relative to the potential gain. So if you played these each expiration you can come out ahead. I haven't done any studies, just something for everyone to look at.
From my experience most of the time SPX is usually flat on Mon/Wed/Friday expiration takes some news/event like tax reform or fed or tax selling etc to move it, usually its struck between strike prices.
tax selling, try doing that on normal expiration day, it moves cents killing both near otm puts and calls
Boat loads of money, yacht, blabber, heist plans... And you're not being sarcastic? FSU was kind enough to share a strategy that works for him and that's your reply? What's your problem?
And truth be told if FSU wanted a yacht he'd probably have one and no one here would know because he wouldn't "blabber" about it!
Lets all chill and backtest. The strategy is out in the open/public so maybe if we collaborate, we can all make some money.
I've been doing equity options for nearly 40 years but never even one single index option so yeh, I'd like to hear/read additional discussion about this. Even this old dog is interested in new tricks...