As long as people realise they are betting on more than just a direction
the underlying going up
Volatility going up
it all happening within the time frame
Timing is particularly hard, and many great thinkers have been wrong on timing. You might also make the most rational bet, but the market takes another year to become rational.
Yes, but if they’re far out of the money, they are a more capital-efficient way to make a very concentrated bet on outlier growth scenarios.
As long as people realise they are betting on more than just a direction
the underlying going up
Volatility going up
it all happening within the time frame
Timing is particularly hard, and many great thinkers have been wrong on timing. You might also make the most rational bet, but the market takes another year to become rational.