I couldn't agree more !!
I only traded equity options when when I thought I had a handle on which way they were going to go. Often in and out same day.
Can be a good approach for shorting.
I have left them alone for at least 4 or 5 years.
I only "traded" them with no expectation of holding to expiration. On the few occasions when I did get caught and held them, I noticed the same thing.
I'm no expert on the "market makers" in options, but it may fall in large part to the "exchanges". But you can sure see the market move in "unexpected ways" as expiration approaches. Then of course you have the "monday morning" move to catch any slightly ITM that will do the most damage for those that not have been exercised.
I bought the SIH puts on 12/14, 12/21 and 1/3 fully expecting SIH to come down long before expiration. So much for that game !!!!
The plus side is, it wasn't all that much money, but will still likely wind up as a loss !!!