I'm not sure you understood my strategy based on your comments. I actually made MUCH more money selling puts during the crash of 2020 than during a rising market as the premiums are higher. I only sell puts on stocks that I want to own at prices that I'm happy to pay as determined by fundamental analysis. So if I am assigned a stock, I'm ok with that, even if the price drops from there. I'm not trying to time the market, but investing based on value. I will hold it long-term based on my analysis of the value of the company. I only sell calls when the market is rising and I want to exit a stock that has become overvalued. Everything is covered, so there is no margin involved.

I'm not trading options, I'm selling puts to enter into stock positions and selling calls to exit them at prices that I decide. Buffett and others use this to help boost returns once they identify an acquisition target.

Your comments seem to be directed at someone who is trading options and selling puts on stocks they don't want to own based on a probability of short-term profit. That is not my strategy at all. And note that the $6k is cash yield, not appreciation or total return. Total return is much higher, but the article was focusing on the cash flow.