This is what options sellers tell traders.
They say selling options is a game of probabilities. They say that IV is higher than realized volatility, and for this reason options are overvalued.
This is wrong. Options is a numbers game. It’s a game of probabilities but also a game of odds.
This is what options sellers miss when they tell you option buying is a losers game.
If you know the odds, you can win very big buying options. But you have to hedge and know what your odds of winning and losing are.
Play the odds, not the probabilities.