I think we're seeing a drop in volatility today. At this moment stock is down ~$3 while put option premiums on my positions are down ~$8. Those premiums should be flat to up with the stock down.
No complaints here on how this is helping the current batch of options, but with short dated options, the next batch will be sold into a decreased volatility environment (assuming that I'm reading things correctly). I guess one consequence if options premiums aren't looking as good for the next positions is to sit on these longer and squeak out a bit more of the premium.
Yep, volatility has dropped way down to 27th percentile. Doesn't the Optionsalpha recommendation say to sell options preferably above 50th percentile volatility? Well, I am holding off for now - not comfortable selling puts or calls.
My last cast covered put closed this morning for $37 for 50% profit in about 8 days, Gain of about 9K over 3 covered put trades in June. I am happy with that as learning experience.