Sell cash secured puts of a stock you wouldn't mind holding. If put is exercised, sell a covered call at a price that would make you a profit. If you still have the stock, do it again. Repeat. An example: ABC is $20. Write an $18 put for $3. Make $300. Put is exercised. Now you have 100 ABC. Say ABC is now $17. Write a $20 call for $0.60. Does ABC stay under 20? Do it again. Does ABC close above 20? Collect your gain + sale. Repeat.