One more for the experts...
I have no experience in buy-write strategies therefore cannot assess the risk. Those who have been at this for a considerable period of time may have an opinion. In a portfolio say of, $100k., is it crazy to play with the whole pool of money?
I need some advice regarding money management. Like if I were going just long or short (naked) I would only use a TOTAL of 10% to 15% of that pool and then split that into micro plays of $2,500 each. The other 85/90% would be splitted in more conservative ideas (not options, perhaps CDs, bonds and cash). But here, I can see that there is more leeway as opposed to a high chance of total loss if playing OTM or a more than average chance of a good loss if playing straight ITM options.