Just For Thinking …

Majority of these options will expire worthless. Similarly, majority of  term, accident and travel insurances will expire worthless too.

So is selling weekly options for income is same as collecting insurance premiums as income by insurance companies e.g. on term, accident and travel insurance?

Insurance companies are working on a very large number of premiums collected to mitigate their risks and will be consistently profitable over long run due to the Law and Survival by Large Number.

Is selling options on weekly basis a fairly large number e.g. 52 per year or 520 per decade so that we can statistically mitigate risks and be consistently profitable over long run?

Is collecting betting from selling weekly option same as collecting premiums like insurance?

It is not wise to assume that weekly buyers of options are a bunch of foolish players coming into the market place to give you …