not a bad day, page-23

"a minority wins 95% of the time writing options"


Bullsh1t.
Buy-Write rates to be a winner in bear markets, and loser overall compared to a long stock position.
Buy write is basically equivalent to a partial long position.

The options market is zero sum.
For the call writers to win consistently, the call buyers will have to lose consistently.
Now, why would the call buyers keep coming back if they always lost ?
There is no reason to believe that the actuarial skills of the writer are better than those of the buyer, is there ?