Anyone who kept rolling CSP on SPY during a longer correction or bear market ?

Hello,

Curious to read experiences from people who have kept rolling CSP on indexes like SPY which will 99% eventually recover. Is it delusional ? Am I gonna run quickly into a wall selling the longest expiration CSP ?

Let's say SPY is at 600, I'm selling a weekly CSP at 590, if the SPY tanks, I roll next week at 580, and on and on. I understand the market can go down for a long time, but this is a rate of almost 2% a week. Surely after a few rolls that will eventually expire worthless during a rebound or am I missing something ?

Thanks !