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Write a cash secured Put on a solid dividend paying stock which you’d like to own at a discount (e.g December 2026 expiration date)
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Receive the premium and put that in a middle of the road diversified ETF
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Repeat again after the expiration date passes (assuming you don’t take delivery of the stock)
It’s a good way to keep cash while generating income and putting that to work. If you do wind up having to take delivery of the stock, you’ll get a good stock, which generates dividends, at a discount.