Dear @nntaleb,
Reffering to how hard it is to express antifragility, I just wanted to tell you that in Romanian there is an old expression that refers to the concept of *antifragilility*:
“Ce nu te omoară, te face mai puternic” („What does not kill you, makes you stronger”🫡
@benjaminfelix Essentially, these indices that track a portfolio with a perpetually rolled covered call are characterized by lower drawdowns and lower volatility, and the returns are only slightly lower: https://t.co/ACiaQF9Qw8.
Or, these characteristics may be useful for certain investors :)
@benjaminfelix Amazing work! Thanks for the insights! Have you also looked at the BXM and BXMD indices, created by CBOE? They have a long history (since the 80s) and might be more relevant for comparison purposes.
People chase “the big trade”.
One hit could make them rich.
What actually works for me was boring:
👉 Covered calls
👉 Credit spreads
👉 Collecting small, steady premium
Consistency beats excitement. Every. Single. Time. 📊
#coveredcalls#creditspreads#optionincome#fintwit
Early in my journey, I wasted money buying options.
They looked cheap… until they all expired worthless📉
Then I read McMillan and Natenberg.
It changed my perspective:
Most options expire worthless → the edge is in selling.
That was my turning point. 🚀
#optionstrading
When I first learned about cash-secured puts, it clicked.
Instead of chasing stocks higher, I got paid to wait💵
If the stock stayed up → I kept the premium.
If it dropped → I bought it cheaper.
That’s how I realized: selling #options isn’t gambling, it’s smart #investing.
Option selling won’t make you rich overnight. 🚫
But it can give you:
💵 Monthly cash flow
📉 Lower risk than buying options
🎯 A system you can repeat
This is how pros treat the market:
As a business, not a casino. 🏦
#optionincome#optionselling#financialfreedom#fintwit
80% of options expire worthless. 📉
Guess who benefits from that?
No *seller*. 💰
Option selling is about collecting rent from the market —
week after week. 🏦
#options#optionselling#passiveincome#tradingedge
Most traders chase 🚀 big wins.
Option sellers chase 💵 steady income.
Selling premium =
📈 Small, repeatable gains
🧠 Probability on your side
🔒 Defined risk (if you choose spreads)
Consistency beats excitement. Every time.
#optionselling#optionincome#fintwit#investing
Risk control isn’t sexy. 🚫🔥
But it’s what keeps you in the game.
Credit spreads:
✅ Limit your max loss
✅ Lower margin needed
✅ Keep your learning curve cheap
Small risk. Big lesson. 📚
#creditspreads#riskmanagement#optionselling#fintwit
💡 A covered call is basically renting out your stocks.
You own the shares. 📈
You sell a call. 💰
You get paid while you wait.
It’s the landlord mindset…
but for your portfolio. 🏠📊
#coveredcalls#optionincome#optionselling#investing
Do you agree, @OptionGrowth ?
🎯 Option sellers don’t guess.
They sell where the price is unlikely to go.
It’s not about being right —
It’s about stacking probability in your favor. 📊
Be the 🏦, not the 🎰.
#optionselling#probability#tradingmindset#fintwit
Do you agree, @WheelStrategist ?
💬
Imagine selling something that you hope becomes worthless.
That’s what option sellers do every day.
And when it expires worthless,
we keep 💰 the premium.
That’s the game.
No thrill.
No fireworks.
Just controlled, repeatable income.
#optionselling#theta#optionincome
💬
Buyers bet on direction.
Sellers bet on probability. 🎯
If you’re selling options, you don’t need to be right —
You just need to be smart with risk.
🧠
Get paid to take risk the market is pricing in.
That’s edge.
Not guessing.
#optionselling#probability#riskmanagement