somewhat like your approach to truck insurance, I sell the premium only I sell very short term premium. I just sold a handful of week1 naked calls that expire tomorrow. If bonds rally, I may have to invoke a 9-1-1 strategy to avoid a disaster.
The only thing I know for sure about the markets is that today will end and with the end of each day there is some decay in option premium. It doesn't get much easier than that - - - - - - sometimes.
Best wishes,
dhm