Oh, there were a couple of decent moments in it - e.g., the reminder that tracking delta and theta in your port is not a bad way to manage it. Although the whole "pray to the gods of TastyTrade and obey their ways, and you too can become a billionaire!" thing felt kinda icky and obsequious.
That's not to say that the ladder is generally a bad strategy - but the premise behind it is a bit murky without some detail. The best case scenario for it is for the market to drop roughly 1SD but not too much further than that; if that's not your view for that expiration, then using that strat makes no sense. If you think the market is going to rally, move sideways, or even drop slightly (i.e., less than 1SD), then all this would do by comparison to a simple short put is waste $10/50% of the premium on that debit spread.
But more than that, short puts - the money driver here - are a strategy for a market that's trending up or sideways. Does that describe what's been happening this year to anyone here? At the very least, it seems like a classic case of "a day late and a dollar short".
