system
A chat on subreddit /r/wallstreetbets
human
Yeah, I assume that is what he meant.  The second part of the statement still seems incorrect at face value.

gpt
&gt; For every option that expires ITM, there's another option that expires OTM.  
  
 I'm curious what you mean by this, because at first glance that is definitely not true.  
  
 Most options do expire worthless, the second part of his statement is correct. I think the rule of thumb is something like: of all options held to expiration, about 3x as many expire worthless than they do ITM.