Does anyone use this strategy? I have been selling naked calls and puts over Crude Oil Futures with moderate success Win ratio is about 80-90% but usually one loss could wipe out 4-5 profitable trades. I employ a risk management technique by buying a call or put to protect my position should the underlying price threaten my strike price. Overall, I still come out ahead. If anyone had some experience with optons wrting over futures contract, please feel free to share it.