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I used to give Tom the benefit of the doubt and thought he was trying to do right and maybe just kept making mistakes or misspeaking but this happens over and over again. I try to watch their Market Measures everyday to see what strategies they are backtesting. Its almost unwatchable now. The way they present the data is so misleading. For example, they will show how covered calls on SPY are great because they reduced volatility and compare the volatility of the covered call to buy and hold SPY to show the covered call is better. Tom then says "If anyone tries to tell you selling options against your position does not work you need to RUN away from them." They then "forget" to show the return profiles between the covered call and buy and hold because that would have shown buy and hold to outperform the covered call (on SPY from 2006-present). Because they want people to trade options (and generate commissions for TasyWorks), I feel this is misleading and almost criminal. Its like Burger King having their own TV channel and telling people they should always eat burgers all the time for all their meals because they taste great and its the best way to eat when we have actual data and science that shows this is not true.

Tom must either have a very short memory or getting desperate; he brought back Karen to share her "success story" https://www.tastytrade.com/tt/shows/geeks-on-parade/episodes/trading-for-your-future-with-karen-geeks-2019-07-22-2019

I still give him benefit of the doubt as I take his show as entertainment. People take a bizarre interest in the likes of Karen. I saw this for the first time in the 1980ies when courtesy of Uncle Sam a Dutch investor- I use the word loosely here - was convicted of fraud for his investment offering called American Land Program. Its main point was to sell plots of desert as potential sites of urban development and therefore profit. It was wrong in more ways than I can describe in a post suffice to say the investors money was gone. The perpetrator spent time in a us jail and later got into civil and I think lendl trouble back home too. Once out of jail he obtained guru status... why you will ask? I have no idea he was a fraud and on top of that his ideas were unsound. Yet he has a rabidly vociferous group of supporters and managed to get himself on TV and internet talking gig circuit where he pronounces inanities as if they were profound. Even mainstream media have been taken in by now and it's so lucrative he doesn't need to commit fraud anymore go figure.

This pervasive statement that gets thrown around about "90% of options expiring worthless" is so wrong, on so many different levels. We can go down a long list of all of the reasons why it is totally meaningless. But, it is a LONG list. For example...just from an "option buyer" point of view, the question really should be "where did the option travel to throughout it's lifetime.?" It may have traded $2, then .10 , then $8, then .50, then $17 and expire worthless. Who knows how many options buyers could have bought it for $2, and sold it for $8 during it's lifetime, with the knowledge that it is a wasting asset, and one should be out of it before the heaviest time erosion starts to hit. That is just one, of dozens, of reasons that could be given. Then there is the whole other dimension of more "sophisticated" traders, who buy one option, and sell another against , as a spread, etc. The list goes on, and on... They are SO irresponsible in all of their presentations, because they are approaching it from a "marketing" perspective, rather than an educational one. And, worst of all, they are appealing to a group of people, who are mostly novices, and appealing to that desire of wanting to make easy money. It "sounds" so good to these people but, out of everything they present, it is just "theoretical" ideas, attempting to be backed up by "curve fitted" back tests. They never actually go through a systematic, step by step, explanation, of a "coherent" strategy. Just nice sounding ideas, which do not work, in the long run, and probably even in the short run.