85 and 75 Puts

Thanks Ron99, Yes, I was aware. It is the comparison of the strikes that I am looking at not really how much money is being made. I am interested in looking at real world comparisons and differentials. What I am asking myself is given what happened (or regardless of what happened) which strike would I sell. I would be interested in the same given the adverse position. For example. Same contract but now look at the calls at say 115 and 120. You have obviously been doing this type of stuff much longer than I. Sorry if my novice traits are coming out.

Not the intent of my post - but I think it should be pointed out that if every month you sell an option that has only a 5% chance of expiring in the money then there is a 54% chance at year end you have had 12 consecutive winning months and even a 29% chance of 24 consecutive winning months. Question is what happens when the streak ends.

Looks like your spread is doing OK so far. Do you have these real or in simulation. Would you think of buying back
one of the CLQ4/LOQ4 94 PUTS and selling one a little closer to the money to offset delta risk??

One hidden problem with naked option selling is a big amount of negative vega. If the implied volatility goes up, the effect, I imagine, would be quite painful. Looking at CL I see that the implied volatility is at the very low historical levels, which increases the likelihood of its going up.

I am curious if people on this tread have ever experienced this problem?