theres a thought that 80% of OTM options expire wothless. I would say that this is closer to 65-70% but never-the-less true. If you sell options you are looking to sell INTO volatility and buy back if needed when volatility is lower. I don't think andrew really understands options. As i said before even if the underlying goes against you as long as it doesn't finish ITM your ahead. Whilst if you bought the options and it doesn't finish ITM youer left with nothing. Even when you sell your options and they finish ITM if they are not more ITM then the commision you are still ahead. Kman
