selling put on spyd earning 1% per month

$SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$premium which gives a discount of 2% at the current price in the event if u are assigned sell the call again at $41

Spyd put at 50 for a 4 or 5 months range gives a 4% premium which is average 1% per month

Why Weekly Covered Call?

For these stocks which I own 100 shares or more, I sold weekly covered calls instead of monthly covered calls as it is easier to keep track of their share prices this way instead of losing sight of them and missing out on their share price spiking up.

The risk when the share price spikes up is that the covered call contract will be more likely to get exercised, which means you have to sell your shares at the strike price (agreed price to sell). If the strike price is lower than your breakeven price, then you make a loss.

If you should decide that you do not want to sell the shares and instead choose to buy back the covered call contract, then the premium will increase significantly and be higher than what you have received when you opened the contract.