Well, although you insist claiming a wining strategy which is nonsense to me, you did admit one of your advantages. Let me add one for you, you are either rich committed or flexible on margin. I don't know if you purposely hide other advantages, or you don't realize, or you don't have more.
are you upset about something else that you are not willing to tell us about? i didn't respond to your original post to get this kind of hostile response. i was really just trying to gauge what prompted you to make the post, implying that all options traders are either liars, crooks or cheats? if i could have educated you a bit, i thought it would be for your benefit. to respond to you saying that my "claim of a winning strategy is nonsense" - ok, fine, i must be wrong, i don't make any money selling short spreads each month. i guess you won't educate yourself to find out how to do it for yourself. and i guess i won't be trying to explain it to you either, you're on your own. please continue to whine. end of conversation.
I trade a similar strategy, and I know others do as well. But I do want to make a comment on the net short premium strategy...Whether it be "credit spreads", short strangles, ratio spreads, etc, etc...The level of implied volatility, the duration of the short premium, and other sensitivities do make it a bit more complicated than simply selling premium blindly each month...It is one of my favorite strategies and it does have a nice consistency to it...But when premiums get really compressed, as they are now, selling those "cheapie" outlier strikes takes on more risk, then when you can sell these same cheapie outlier risk with a vix of about 35-40...
Come on Pete, we are talking about business. Why do you feel me hostile? Why are you upset? I just try to be fair. Selling options may have some marginal statistical advantages, but no nearly enough to make it a wining strategy for every seller who wants to make a living. Sure I can tell you something else is that I am not going to use my expertise in options any more so I start to to tell the public the truth. I am giving back.
Then Moses looked, and saw a Bush that was burning, but behold, the Bush was not consumed! And from out of the Bush he heard a Voice, and the Voice said: I am the BOX exchange. You will serve me, and no other. I will give unto you all that you require, and your ability to trade Options will be far greater than all peoples who trade upon the pagan exchanges. Thereupon, Moses noticed that his hair had turned white. He took a twig from the Bush, and put it in his pocket. (For Moses was a jokester, and he saved that twig to place on birthday cakes from which family members would try in vain to blow out the candles.) Then Moses went down to the S.E.C., and he said: "Let My Options Orders Go!"
"If Pontius Pilate does not crucify the scam players, we will! NO MORE OPTIONS" John 24:13 p.s. have a Good trading day Friday