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Implied volatility is almost always higher than realized volatility. That is not a theory. That is an empirical fact. Sell premium. Let the math work.
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You do not need to predict direction to make money in options. You just need to be right about volatility being overstated. That is a much easier bet.
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If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
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Volatility isn't risk. Permanent loss of capital is risk. Know the difference.