who's the writer?

dear ganesh,

operators don't buy "cheap" calls.

they are people with "high nose".

but they also know

that it is they who have unlimited money @0.5% interest from "the feds".

they also know

that if they start buying options,

nobody has the pockets to write/sell that much.

they also know that it is far more lucrative

to have 30-100% assured and consistent return on a few billion dollars

than 10000% "mirage" return on peanuts that retail traders run after.............

even strangle and straddle are the toys of semi and pseudo-operators.

real operators only write options.

real retail traders only write good stories

while bad retail traders only write cheques in the names of operators........LOL