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The 1240/1225 Put Spread looks like an incredibly good fill. Was this a floor improvement or the quoted spread?

Coach, What is your experience with various brokers with regard to use of T-Bills to satisfy margin requirement for short options? Dave

What software, if any, is required to be installed to utilize the borker whom you are discussing? Thanks.

To answer the original question. Yes writing OTM options can be used to make a living. One just needs to find sufficient pricing disparity or volatiliy skew to overcome the inherent edge that Market Makers, Specialists and/or Floor Traders enjoy. That is why OTM is key since the skew is...