A lot of WDC shares will be assigned tomorrow at 84-86 strikes, that will free up a lot of cash for next week. I am trading a chunk of my account as trading reserve perpetual income engine style. Basically take 3 names each week and sell weekly calls or puts with the expectation of being assigned and then roll and repeat. I held these for a while because the premiums leading up to earnings was great but now so far ITM better to let them call out and start over. The current tickers I am doing this with are EOG, WDC, and XBI but I switched to GILD. Should have stuck with XBI. GILD now #longputdiagonals. Works best with names that stay in a range with good weekly premium. I will also use SWKS, EXPE, AAL, FSLR, GS, TMUS, VLO, ANDV (used to be TSO), UAL, LUV, AAPL, GS and looking at MON but have not watched it long enough and hoping IBB will work after the split. Basically anything that will get me close to 1% return per week on risk on weekly option sales. I stick with the same 3 names until they break out of their range or the premiums drop then move on to another 3. Stupid simple but very effective.

Rolled SVXY this week to 12-8, 100 put for 4.25, sold for 1.79, one for the team. if assigned cost basis will be 94.65.
SVXY Dec. 55 put to Jan 18 for 0.85
50 put same for 0.70

TQQQ rolled 120 this week call to 12-8 for 1.2 credit sold for 1.81

Should have a lot of trades Monday and will start the SPY credit spreads/iron condors @jeffcp66 style as well for anyone that wants to follow. Start out 3-4 weeks (21-28 DTE), 3-5 point spreads in a small account so only 2-6 contracts then add a new one each week until 3-4 weeks of ladders. Goal is to double the account in a year and if I can bring in even $125 a week and control the losses should be attainable (it is only a $6500 account). Will adjust anything that goes ITM as @jeffcp66 does, either roll or reverse and offset difference with additional spreads. I may try adjusting them as soon as they hit the short strike to see if that would limit the losses but will keep enough cash on had to convert to calendar, diagonal, or butterfly if we have a 3-5 STD move like Aug. 15. Should be an easy enough experiment and will know how well it works in about 3 months.

Happy Thanksgiving for those checking out early and travelling!