Strong Buy TQQQ by May 16, 2026.

Does selling OTM put and put spread tend to have negative EV? For EV to be positive, the probability of ITM has to be very small. I sell OTM put and put spread. Today I surprisingly realized that all of my positions have negative EV using delta as a proxy of prob. ITM. For EV to be positive, the real probability of ITM has to be insanely small. Here is one position on my book as an illustration. Was I …