Has anyone ever rolled options continously to the point where.....

S

S2007S

Has anyone ever rolled options continously collecting the premium where the average cost of the stock at assignment is basically 0?
 
I see hoards of retail investors playing with options and succumbing to the fallacy that you can just roll out until you win (and/or "getting paid" to purchase a stock by assignment), making brokers and market makers rich, and not realizing they lose money in the long run. It's a fool's game. In reality, an options position is a stake in directional exposure (delta) and volatility exposure, and a few others. Furthermore, whether a loss is realized or unrealized doesn't matter when used as a performance metric.
 
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This reminds me of the NEVER GIVE UP thing.
If you roll and roll a million times, surely there will be one time when u will be successful.

Always have a hard stop in place.
 
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