### Comment:
Fair enough, but compare those losses with the cost of entry of buying equal shares in the stock itself. In most cases (depending on the person) it's still cheaper to play option contracts versus buying the equivalent amount of shares providing the company trades actual volume and has a decent share price.

### REPLY:
If you do spreads you can then do max risk etc... Obviously the smarter way is to use the Greeks for stuff like strangle 
  
 However we assume too much here. People still buy weeklies cause it is cheap and their account is too stupidly small to handle any variant

### END.