@VivianLau 1. Set a target value to buy a stock 2. Sell PUT at the value 2a. If PUT not exercised, continue to sell the PUT and keep premiums 2b. If PUT exercised, sell a covered CALL to sell stock at another target value. 2b(i) If CALL exercised, sell PUT at target value as per s/n2 2b(ii) If CALL not exercised, continue selling CALL next week Volatility means the value will generally move between the 2 target values