Sid, Thank You! I truly appreciate the comment and the insight especially from your thread. I will look up your thread and read it. I had hoped that others would comment and help refine this as a means for people to supplement their incomes. In level 1, I think it might be possible to initiate a straddle around a news release, but that requires watching intraday.
I am currently looking at 1 day per week of active trading and using 0 DTEs. I'm looking at the SPY. Of course the SPY daily is currently in an expansion phase. My thoughts, when it exits this expansion is it going to retest highs or down to 514?