Tom Sosnoff and Tony Battista discuss the pros and cons of short-term options trading. They highlight that while short-term options have a higher potential for profitability due to rapid premium decay, they carry significant risks, especially during volatile markets. Managing short-term options is more challenging compared to 45-day options, making proactive management less effective. They emphasize that although short-term gains can be appealing, the cumulative risk and difficulty in defending against market moves make longer-term strategies more viable.