That is correct with a slight difference. I did not lose money since February when the longs were flat or lost money.
This Friday will be high, c. 80% of available cash. Yield this month is around 4% when adjusting for assignment.
Ps. there is nothing magical here. The only diff. is the charts-and-Greeks free approach. That's it. Anyone can do it if they care to forensically look at balance sheets and study events.
That's what my father said 12 months ago! Market timing (calling the top) is a one off speculative and discrete event. I have no interest in that. Edit: I am, nonetheless, concerned from the impact of a wide sell off (black swan tail risk). I have not done anything about that yet but it is on my mind.
selling puts work when the market goes up or rockets but you will lose money while the market drops be aware of it
If you confident in your edge , you can hedge out some of your market beta by shorting ES futures or buying SPX puts.
That's right, my thinking is that my TCSPs are backed by paper (shares) I would inherit below intrinsic value, hence why I use leverage. It is a global sell off that worries me on the other hand.