She sells options and collects 'theta'...
She doesn't buy options.
Kinda like GW's advanced class but she sells
everything naked using indexes, not individual stocks
I haven't watched the videos but based on your statement it supports a few of the comments GW made on the CDs and advanced "first thought is always the naked side". If you are trading big charts all you have to do is be right that the previous move is over even if your current directional bias doesn't pan out. Time decay on front month options now works in your favor (i.e., flat can make you money).