Has anyone tried this option strategy?...

Quote from peterfigliozzi:


With a proper bet size, having a complete strategy, and sticking with it, it would have worked out.

Absolutly. It's all about position size, whether selling options or trading the underlying. People selling options blew out because they sold too many contracts than their capital allowed, not because they were short gamma. Selling options is for big money play. If your account is less than $500K, don't try to make a living on it.
 
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