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Here's what I'm using now.

Trade only from SPY and QQQ and use 7-day ADX Buy, positive Weighted Alpha and ranked high volume for screening for stocks which pencil out at the strike price you require. For a stock or ETF with a bullish TSI (green line higher than red line), sell a put at least one standard deviation OTM...

28,28,28 TSI seems to show divergence better than 56,28,14 TSI.

I switched from 7-day ADX to True Strength Index 56,28,14 (double reverse Ultimate Oscillator setting). TRI could have kept you out of IWM before the crash. TRI wouldn't have kept you out of QQQ before the crash? Wait, QQQ was getting kind of overbought on the LRCs and there was some Awesome...

I dumped the Weighted Alpha/252-day Smoothed Moving Average. Sell at least one standard deviation OTM for a 7-day ADX Buy, sell at least two standard deviations OTM for a 7-day ADX Sell. You can kind of tell from price behavior and the LRCs if a stock or ETF is overbought or oversold. SPY should...

No! That strategy is groundbreakingly revolutionary!

If you think you can get rich trading vomma, go ahead but the options basics books I have read never even mentioned it.

I think I've been giving positive Weighted Alpha too much credit. Stocks or ETFs below the 252-day smoothed moving average with a 7-day ADX Buy can be safer than stocks above the 252-day smoothed moving average with a 7-day ADX Buy because the 252-day smoothed moving average tends to be a magnet...

I felt the Awesome Oscillator was unnecessary and took it out. I think I'll sell puts on the stock index ETFs when they qualify and when they don't I'll sell puts on high-volume stocks that qualify. I'm trying to get narrow bid-ask spreads and be more professional.

TLT looks to me like a better short than HYG.

I hardly ever made decent money buying bond ETFs. I sold puts on HYG and TLT lately and made decent money on them, but they just seem spookier than stock ETFs, more controlled by the government. I resolved to trade only stocks and stock ETFs.

David Jaffee says to ignore the Greeks and I agree with him.

For a screened stock or watchlist-approved ETF with a positive Weighted Alpha and a green-bar AO and a 7-day ADX Buy, sell a put at least one standard deviation OTM. Stocks or ETFs more than two standard deviations above the 252-day smoothed moving average are overbought and should have puts...

The MACD wasn't as good at revealing overbought conditions as I would have liked, so I switched to RSI for RSI divergence.

I tend to agree with his picks but there could be some other good ones.

Some of the biggest money I ever lost was trying to use collars profitably.

I feel there's potential for at least a standard deviation to the downside, but it would have to get real bad to get real bad.

I took out the 252-day/Weighted Alpha part of it. I figured I don't need it and can profit off of a lot of bottom-feeders if I know how to read an Ultimate Oscillator MACD.

I combined the 252-day system with the 7-day system.

I decided a 7-day Average Directional Index will hardly ever steer me wrong and usually I can find something with a Buy signal.