The Difference Between Options Trading and Gambling

With options from the long side, people focus on the fact that it's a leverage return. The difference between options trading and say the hand of Blackjack is you have no edge at the Blackjack table. Look, again, we're taking risk over here. However, if you could do it in a smart way, in a more managed way, and the risk that we take is to get that advantage... You can be a consistent winner as long as you're disciplined enough.