The complete guide to option selling By James Cordier and Michael Gross. http://www.amazon.com/Complete-Guid...bs_sr_1?ie=UTF8&s=books&qid=1221438074&sr=1-1 Great book. To knowledgeable, prudent investors (like me), it starts with the right foot: Start with a fundamental/seasonal analysis and with a intermediate time-frame of about 90 days. This may make gamblers flee right after reading the first chapter. The main strategy is selling far out of the money options, following the main trend; so small hiccups before recovering the trend, don't wipe you out -unlike most overleveraged futures traders-. It frowns upon bull/bear call/put spreads, because they require the future to move within a certain timeframe. It recommends "staggering" options of different expirations and strikes to reduce risk and diversify. After all selling options is a relatively long term strategy. Using a full-service broker is recommended, so they can give you advice, or at least provide you with research analysis. Since they don't trade that often, full-service commissions don't compromise the trades' profitability. Easy to read book with almost no complex concepts.