Dr. Jim Schultz unpacks what it actually means to be a high-probability options trader, and the catch nobody mentions: for every gimme, there is a gotcha. He starts from the basics. Buying a stock outright is roughly a 50/50 bet in the short run, slightly tilted up over the long run thanks to positive drift, so it is not a high-probability play on its own. Options are where you choose your probability.
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Chapters
00:00 Let's talk probabilities
00:52 What high probability even means
01:35 For every gimme a gotcha
02:20 Buying stock is 50/50
03:30 Positive drift over the long run
04:40 Options let you pick your probability
05:30 The first decision, buy or sell
06:40 Buying the McDonald's call
08:30 The low probability of buying
10:00 Selling premium ...