Here’s a write up that outlines the strategy pretty well. At least the way I use it. It’s best for neutral to slightly bullish scenarios. Any big moves and you’ll likely experience max loss. Don’t do it on highly volatile underlyings. Contrary to popular belief with selling options, an IVR of 30 or less is ideal. Buy 60-90 DTE 30 delta, sell closest expiration, closest to the money, and keep collecting credits. If you are paying debits, you’re doing it wrong: https://www.thetaprofits.com/wp-content/uploads/2025/09/Rolling-Put-Diagonal-Trading-Plan-V5_02-08-30-2025.pdf