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Re: AW: What options to sell?



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snip snip

> I like using credit trades because statistically, most
> options expire worthless (excluding the large number which are closed out
before
> expiration

Where do people get this statistic? Larry McMillan who writes the Option
Strategist newsletter did a study of this. He found that over a period of
three months 69% of the open contracts expired in the money which he defined
as having a value of 5/8 or more. Has anyone actually seen any studies that
confirm that "statistically most options expire worthless"? I'd like to see
that study.

John