"By definition, a wasting asset cannot be anything but a poor long term prospect. I'm not quoting you with "90%" blah blah but the general consensus that can be read anywhere."
I disagree with that statement. Yes it can be and no it can be a good prospect depending how and when a option is used. I have bough hundreds of thousand of option and made momey on most of them. I have sold options and again most money on most of them. Game is when to hold them and when to fold them.
As for all the other stuff you mentioned I do understand. why the rest of your post. I remembe rthis was about option, did I miss something? or fogot something ?
Any how you can have the last word. Cer re o from this side of the pond.