with $4 trillion under management. He said study after study proved options trading was a losing proposition. But there is always Vegas and the lottery guys. Keep beating your heads up against the wall rather than reassess what you're doing.
Bear in mind that a good portion of options expire worthless or are closed at a loss because they are hedges by the big boys. They have aready made their money on the "other" part of the transaction.
Overall, its no place for Joe Sixpack and his few bucks.