The Fact is nearly all option traders lose money. The Popular strategies and trading platforms are not effective for Options Traders.
“The most comprehensive study looked at 68,000 Dutch retail investors. It found that from 2000 to 2006, retail options traders lost an average of 4.5 percent each month, while people who just traded stocks lost 1.6 percent.”
“Daniel Dorn, a professor at Drexel University who has studied options investors, said studies of American options traders had not found them to be significantly more successful than the Dutch traders.”