Selling Call for Rent Collection in a bear market is a good way to continuously generate cash flow. Although the IV of the bear market is relatively low, the probability of being hit by deep virtual values also becomes very low, and the drawdown of selling Call for Rent Collection will be minimal. I pulled data from two rounds of bull and bear data since 2019 in the backtesting system today, and we can see that 1) At the end of the bear market before 2021, selling a 0.1 Delta doomsday call option for the week was basically at break even point 2) In the bull market of 2021, there will be a pullback during the rapid rise, but thanks to the high IV of the bull market, profits will also recover quickly 3) In the bear market of 2022, this strategy exploded with very strong profitability, and the drawdown was very low 4) In the slow bull market from 2023 to 2025, this strategy has undergone the biggest test, as the bull market gains are often concentrated in a very short period of time, so this strategy has encountered multiple major retracements. But thanks to the profits accumulated over 22 years, positive returns were ultimately maintained 5) Starting from 2025, the bull to bear strategy will repeat the explosive power of 22 years Looking back at these two bull markets, although there were many differences in the market conditions, the overall cyclicality was evident under the observation of high-order tools such as options. During the period when this strategy can sustain profitability, the bear market has not yet ended, and now is a good time to sell calls and collect rent. @JeffLia12309881 @AntonLaVay @CryptoRounder @leifuchen @Maxandzero