Ok, that I can believe. If you pick your spots, then it’s more of market timing trading, not volatility trading per say. Also, I would not consider CMG low IV stock, I was thinking PFE. May. I ask why using only 5% of capital then?
Frequency is high; multiple trades per month. I don't hold to expiration; I enter when volatility is peaking. When volatility starts to drop, I exit my strangle. I don't hold for max profit. I know based on past experience how much profit I should expect out of a trade. Risk 5% capital to reduce my chance of blow up. It also allows me to implement other strategies along side my short strangles.
A good list, only thing I would advise (not that I am an expert), is to try to shun away from Chinese ADRs like PDD, the number one thing you want to avoid is black swan, and Chinese ADRs tend to have that very often due to domestic political struggles. Best of luck! Added: I replied to your original post before finish reading the whole thread, now I learned you have suffered from PDD, to the upside. That is why stock market never ceased to amaze me.
I paper traded strangles on the S&P from 2001-2003 then it just got silly as Dubya's people went postal with Iraq and QE
This has been a good thread. Good intentions all around, low sarcasm/mockery level, and great expertise shared. And a happy ending to boot - the OP isn't going bankrupt.