system
A chat on subreddit /r/wallstreetbets
human
Well in a way, when you buy an out of the money option there is no intrinsic value, just time value. So if the security doesnt move the direction you want, and closes out of the money, you lose 100% of your investment at expiration. Most successful options traders sell deep in the money puts and wait for them to expire. Worst case scenario you're forced to buy the stock at a deep discount. That or they sell out of the money call spreads.

gpt
When you sell calls or puts aren't you just doing the exact opposite? Meanjng higher probability of success but with lower payout