Options markets dampen volatility. Also selling call options is how you guarantee income / get yield, but you still get wrecked long term. I have a friend who was doing with a tech stock. He read books and he even had a mentor who had made $1M doing it with Apple stock for a decade. He owned $200,000 of a stock so was monetizing it through selling calls. Two months after he started, the stock ripped 50%. He got paid $12,000 or so in his process, but he gave up almost $100,000 in gains. So yah volatility dampens but it’s not some foolproof strategy and the people doing it will lose. And yes, bc of volatility, bitcoin has the highest premiums so you make the most if it doesn’t run.