I went live a couple of months ago, and I'm hoping to continue developing my game. I'm at the point where I need to talk with my peers to grow and learn new ideas, which is why I'm here. I'll tell everybody where I'm at, and hopefully the novices will benefit, and the OGs will pitch-in an idea. I've read "Options as a Strategic Investment" and Euan Sinclair's "Volatility Trading." I write OTM bull put spreads on companies with high implied volatility and pray they expire worthless. If the delta of the short strike spikes up, I write an OTM bear call spread to turn my bull put spread into an iron condor. I like iron condors for the credits with minimal margin impact... More to minimize losses on a deal that may bust. I contrast 3 methods to determine where to split the bid-ask spread. 1st method is based on the bids and asks, halfway points, bid-halfway average, and ask-halfway average. 2nd method is the Black-Scholes. 3rd method I use the Kelley Criterion with goal-seek in Excel. Bid-ask is just a sanity check for the other two methods. I almost always get filled when using Black-Scholes as a pricer. Kelley criteria rejects a lot of deals. I learned my Kelley Criterion formula from a sportsbook and rigged it for options. I use the delta of the short strike as probability estimate. I translate the spread credit into "odds." For example if the credit is $1 and the vertical distance is $5, the odds would be to lay $400 to collect your lay plus the $100 profit, (or the vertical distance of $500). Sometimes the proportion to bet is way too high for my comfort and I usually use a fraction of the Kelley Criterion. I've done about 15 deals of various sizes and attempted about 30 deals, however sometimes nobody is willing to enter the other side of my deals. It is a lesson in greed... Too greedy=No Deal. Not greedy enough and the insufficient risk compensation will lose in the long-run. I've had 2 spreads lose money and it sucked, but overall I've been blessed with profitability, which only encourages me. That's my entire body of knowledge. If you have any critiques, ideas, or know of a helpful resource, please post. As I learn more, I'll add to this thread.