How are you liking it and how is it working so far? I would like to hear from people that have been running options long enough to test their strategy over various market conditions.
I started selling options about a year ago. I chose to go with high volatility weekly covered calls and cash secured puts not out of greed but to have faster pace testing cycles. It has been quite a learning experience and while I'm well in the green, I don't claim that I know what I'm doing (dumb luck can look like skill). I have enjoyed and learned more from the screw ups than from the steady income.
Right now I'm using a bit over 2% of my total accounts to run options, wheeling a short number of volatile stocks (for example, currently MARA). When I retire in 5 years or so I'm thinking to bump that to 5\~8%, the average size of a stock/ETF position for me. I also expect to tune down my risk and hopefully get a 10\~12% return. Heck currently I'm getting a 33% annualized return but I don't think I know what I'm doing, so I don't trust my results. Ask me in 5 years :)