Given the extremely low VIX its become increasingly difficult to mine premium using covered calls or credit spreads and although for the first quarter of the year traders use to be able to collect a fairly reliable 1-1.5% / month using 3o day ATM covered calls on the majors that return has now dropped to .5-.75% and even in those situations the risk/reward curve has gotten skewed to the risk side.
IMHO, it's actually hard to make money in the current markets despite what the get quick ads might suggest.
