Hey, thanks for the detail here. Are you modeling in the increased IV due to upcoming earnings announcements? Do you hold anything in its run-up to earnings or through an earnings announcement?

Are you using OptionNet Explorer or OptionVue, or just your own software using the math you learned from your CBOE friend?

Interesting to hear about trying to use the Kelly criterion. I've always thought of it for bet sizing, which is tough since you never know your true odds (unlike counting cards, for instance).

For my own trading, I am having moderate success with selling premium on index options. I find it tough to make a meaningful amount of money while keeping blow-up risk low.