They are selling them over at Tasty Trade, Tom and Tony, doing a lot of research on straddles, strangles, iron condors, and credit spreads. While they are consistently profitable, they do have to work hard (research hard) to expect to make 35% per year. Albeit, they are probably on the conservative side with capital risk per position. Long directional players might do better during times when their research does not favor their kind of selling. They do best when IV is falling, and during the first couple hours of the day, grabbing profits at about 25% of max available with their position (if hold to expiry). Anyway, it's nice to know this market is this liquid. Probably a thanks a lot to the people at TastyTrade.
you do understand that they are not a product they are selling right. tastytrade is selling you on the idea of buying this shit. what i asked was who the fuck in their right mind would sell you the option? tastytrade don't own shit...
Tom and Tony are option sellers, every day on a variety symbols (most of their 0DTE on on one symbol like SPX because of the way it settles). Yes, they, mostly Tom, are promoters of 0DTE, Tom taking credit for a lot of it's popularity. Yes, because they are also operating a brokerage. But they are eating their own cooking. I don't know who would be naked selling. They are not naked sellers.
SO HERE IS MY POINT WHEN YOU BUY A OPTION THE GUY YOU BUY FROM IS A NAKED SELLER. WHY THE FUCK WOULD A NAKED SELLER SELL YOU A OPTION THAT WILL MAKE YOUR RICH? ANSWER: CAUSE OPTION BUYERS ARE FOOLS
He didn't publish his losing positions. I wonder how he would have done without the benefit of hindsight!