he segment examines how much premium options sellers collect in varying volatility environments. Data from 2020-present shows selling premium during high implied volatility periods yields greater profit potential while maintaining similar probability of success rates.

Analysis of SPY 16-delta strangles and 30-delta puts reveals premium collection averages 1-1.5% of stock price. 2025 has shown premium levels above long-term averages, making it a favorable environment for premium sellers compared to 2024's lower volatility.

The study breaks down IV rank occurrence: 70% of the time markets trade in 0-30 IV rank, while 90+ IV rank happens only about 1% of the time. Data indicates 30-delta naked puts collected 25-40% more premium than strangles in SPY due to put skew.