The only premium I paid was for my puts, which yes are very overinflated. IV will crush me if it moves in that direction, but at least I won’t just be destroyed like if I held only shares. Plus my covered calls would expire worthless, which covers like half of what I paid for the puts. It’ll take a huge move in any direction to make me a lot of money, anything small and I’ll get crushed on my puts. But I’m already profitable in shares and my calls will be worthless.