From Jan 2022 through Dec 2022 this strategy was put on hold and into a holding pattern for open trades.  Due to the dislocations in the markets caused by COVID and the subsequent $4.5 trillion in fiscal stimulus, along with aggressive monetary policy, volatility remained at persistently high levels.  This strategy was struggling to navigate a market that had persistently high volatility, thus the reason we needed to pause.  As of Jan 2023 volatility (VIX) finally declined and this strategy is again active.