There is no such thing as the perfect option position. A more appropriate phrase would possibly be "the optimal option position". The position is optimal because it combines attributes that market makers generally would like their position to have. That is one that is short dollar premium in the front month and long vega in the back. This position would allow one on the floor to scalp around the position to pay for the back month options while maintaining an unlimited upside/limited risk profile. There is no such thing as a good or bad strategy, only good or bad traders. You can give a guy all the edge in the world, and if he can't trade, sooner or later he will blow out. Too many people are searching for the grail. But at the end of the day, if you are not a damn good trader, you will not survive trading options, futures or stock for speculation. No one wants to hear that.