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of course it is; nothing of value is exchanged, no goods are produced, and the outcome is not under your control.

Hi Steven, thanks for sharing your opinion! Since options' underlying are stocks, as such value is being exchanged.. agree, no goods being produced but the same in stock investing, the purpose is a speculative wealth creation. I do agree that outcome is not completely under your control but with options people can minimize their risks.

"speculative wealth creation" = gambling

you may be able to reduce/manage the risk better than a pure random bet, but fundamentally it's still gambling.

ref: https://www.investopedia.com/terms/s/speculativerisk.asp

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