didnt you once say you preferred a chance at bigger drops than commit to cash-secured puts?

A person might have different goals and preferences...

It depends on the valuation level. If valuations are high, I might just want to get a little extra yield on top of what I'm earning on cash, and almost as a side effect the remote possibility of getting that cash allocated into a stock that I like at a really good entry. In that case, repeatedly writing puts at low strikes and shortish expiries makes some sense.

When valuations are borderline the motivation changes. Right now the valuation is fairish but not compelling. Let's say I wanted to buy Berkshire stock, but only at a really great valuation. If I wrote a put with a high strike like $550 and say a year to go, the rate of return on time value isn't very interesting. But it is noticeable in absolute terms because of the long time frame, getting a discount to today's price, maybe $8-10? Plus, the value of a share grows over time. So the two outcomes would be either (a) an entry (probably close to) a year from now at a price below where Berkshire was a buyer in July, or (b) a cash return of the large premium, $55 or whatever. Until it is exercised, I'd also be earning interest on my cash, including the premium just collected.

Either way, writing any put is fundamentally a bullish move. Works best when prices are at the low part of the squiggle.

Jim