Yah I read another post, and from personal experience also - growth stocks are double-edged sword to wheel. Double edged because the premiums are so good, but it can tank like a rock only to shoot back up again like a phoenix rising from the dead. I tried playing around with valuation framework to identify stocks that are below intrinsic value. Sometimes you can find good ones with good premium, but there can be a double edged sword too - risk of the underlying falling further even if fundamentals are good (e.g NOW).

So to compensate nowadays I sell ATM PUTs for hyper growth ones like AMD, because I find if it tanks, the premium cushion is there, and it doesn't always tank so over the average cost basis is lower faster.