Not sure if I am doing it wrong or not. I recently started Option trading using Tom Sosnoff approach of Time Value Decay and Market Contraction to collect the premium.
My Short Puts are \~45DTE, \~30Delta, \~60 IV%.
The problem that I have run into is using OCO to limit my P/L at 50% in either direction after entering the position. The several positions Ive entered have sold at losses and Im not sure if I need to just let the time decay and say screw the OCO or if its just been the luck of the draw with the positions Ive entered.
Looking for insight from someone more experienced in this method