### Comment:
Dammit, I thought I had erased the %.  
 46k account. Options is a win all or lose all kind of thing isn't it?

### REPLY:
Yea, but the vol smooths out over time if you win slightly more than you lose and you limit your position sizings. It's basically just synthetic leverage at that point. The difference is you need maybe a 55% batting average as opposed to a 50-51% batting average to make money on options versus stocks, because you're losing a lot more on transaction costs, which is why most people playing strictly naked 1-legged options will lose over the long-term.

### END.