Rule #1 in investing: do not get wiped out.

Rule #2: do not forget rule #1.
Here is exactly how I keep ratios in check when I sell portfolio secured puts & beat the market at the same time.
Expensive market:
Max sold put assignment = < 50% of portfolio value.
Cheap market:
Max assignment = 65% or more of portfolio value to capitalize on deals but still be fine in volatility.
On a $1M portfolio in a expensive market that means max $500k on the hook for to buy of shares for sold puts.
Even if the portfolio falls 50% to $500k I still cover it.
(I can roll too, but just showing I have the cash if I wanted it)
I survived & capitalized in 2020. 2022. 2025.
Ratios are why.
No ratios = no system = eventually wiped.