IV isn't contracting as consistently in current market conditions and with some underlyings IV is not reliably overstated but closer to 1:1. IC earnings plays are still decent but to adapt to these conditions I'd suggest going fairly wide. I don't do 30 delta plays in the current environment for this reason.

Make sure you pay attention to the delta of your position so you're not scratching your head as your position is in the red despite a contraction and no strike being breached.

Shorter DTE (and more frequent) plays have the potential for larger returns over a given timeframe (than longer DTE) if you're managing even earlier than 50% profit. However, you must understand that gamma risk accelerates closer to DTE so paying attention to your greeks is more important than for ~45 DTE plays.