[Tupacia]

Urma is right, multiple studies have shown that buying options is a sucker's play on a general scale (negative returns historically) whereas writing options has produced a profit. Now obviously, there are people who make a lot of money buying options and people go broke everyday writing them, but people tend to overpay for options as most expire worthless.

Also, his argument about limited risk unlimited reward is basically the same as buying a lottery ticket. "My risk is just $1 and my upside is millions and millions of dollars! "