Not if they are cash secured. Sure, there is some unicorn scenario where vol goes from 10 to 400, but as a rule it's lower risk if cash secured.
Some vol-series are tighter (notionally) than the underlying shares (AAPL pre split).
What's illogical is sitting home under a two party system.
You stating, without equivocation and as a white guy, that Biden has lost progressives and minorities is laughable. Bye.
RAES-arb in COMS/PALM spinoff in 2000-2001 (and other tickers). Peak PNL was 1.4 for the day, automated. Putnam at Terranova was making 5-10 on some days in his wife's account.
Senate polling/wagering is at 60% Dems. You say we lose everything as though you're completely clueless as to the current state of affairs.
And haven't you stated in the past that you're a minority/black dude?