tastytrade

I've been using the trastytrade information to enhance the gary style. They use a lot of statistics which is not Gary's way. But, understanding IV rank and how to use it has been good. I make a fair amount of money selling puts with their idea and the charts from Gary. I would recommend studying their methods and grabbing the nuggets. Look up the "Super Trader" and what she did to make a ton of money. It changed how I do the w&o. She uses 50 days out to sell the calls. I was selling the calls too short.

If you are talking about "Karen the super trader" you should be aware that she blew up her account and was prosecuted by the SEC for fraud. She paid a cash settlement to avoid prosecution.

Here are two links that discuss the riskiness of her trading strategies.

[investormint.com]
[sjoptions.com]

If you are doing Gary's W&O style then you are hedged on your short calls and should be OK. Although I'm a much inferior trader to Gary I do disagree with his naked trading strategies. I will never sell options without being hedged.

I also agree with your comment about IV rank. It is important, along with doing a check of the current IV of the option you are considering and comparing it to the historical volatility of the underlying. I don't want to sell undervalued options or buy overvalued ones.

Wow, I didn't hear that she got in trouble. Thanks for sharing that. I thought what she was doing was cool but, not for me.