IVR
Invesco Mortgage Capital Inc.
stock NYSE

# I didn’t become profitable at daytrading. After a few years of bouncing between momentum, trend following and 0-5 DTE, I stopped forcing it and moved to slower premium selling.
# My rules became boring: enter around 40-50 DTE when IVR is elevated, mostly CSPs/short strangles, size for assignment or a large underlying move, and close or roll around 20 DTE. No changing the plan because of one red trade.
# That has been profitable for a few months, but I’m not calling that proven consistency yet. A short-vol strategy can look great until the tail event arrives.

I understand your frustration and I've experienced similar when buying or selling to open options positions. There is no guaranteed result. On the other hand, I've done quite well with LEAPS in general but they don't fit my personality.... LEAPS ate very slow... Currently I only buy Jan 2028 LEAPS at 60 delta... BUT... There are a lot of things I must look at for the right conditions so find out those basics and find the ones that work for you. Free hint, volatility by itself can not be your only tool..... 2nd free hint, IVR is a much better indicator is a much better indicator but you need more.... Go find them!

I also went delta neutral, but managed to squeeze a 1.00 and change out of it after getting expanded on somewhat pre-earnings. I'll check IVR/IV again and maybe man up with something in the September monthly ... .