Today was a test day. I wanted to sell one standard deviation(SD) from the opening price. The 1SD was 6830 so I sold 6840/6820 for $0.80. Had a stop loss for double that amount. This trade worked out really well so I might do this more often if I see the opportunity to sell around the 1SD area for some nice premium. I noticed that although you got less premium. Theta decayed much faster and fast price spikes did not inflate premium that much and I was able to be a bit more patient. Obviously this setup is very risky if you are going against the trend, but if you targeting the SD strikes you should relatively be safe.
