In my more than 15 years on C2, I’ve seen many solid strategies, but options-based strategies- especially those using vertical spreads - often follow the same pattern: long winning streaks followed by infrequent but much larger losses. I initially thought this strategy might be different given the developer’s knowledge, discipline, and well planning, but in the end it feels like déjà vu, similar outcome to other options strategies I’ve seen on C2

It's always nice to collect the premium from a credit spread but they are not without great risk. They are directional so if strategy gets the direction wrong then it can go very wrong because of the number of contracts used. Strategy description says risk is capped but doesn't say to what percentage or amount. Doesn't seem to have a limit

Good strategy manager with a systematic approach, and taking measured risk. The recent silver trade wasn't worth the risk/reward and I would never take it personally, but I'm comfortable with the resulting drawdown from a few bad trades as I trust overwhelming majority will be good ones long term. The only downside is the deficiencies of the collective2 system with respect to option strategies, and the inability to deal with even simple spreads. The strategy is actually more profitable if executed as proper spreads like the strategy manager intended, Size the account at least at minimum, or even higher - as collective2 systems typically end up putting in short leg of the spread first (at least on some part of the order) and create unnecessary margin errors. The strategy itself never uses more than a few thousand dollars of margin, but even a 35k account struggles with margin warnings due to the deficient collective2 order system for option spreads - which they seem not willing to improve (there are >10 year old threads in the forum complaining about this with no apparent progress!)