Hi, I was looking to get some feedback on a simple/safe strategy to generate modest returns. You take something like SPY which is relatively stable and you wouldn't mind holding if you get assigned. Today it closed at 135.92. You sell OTM uncovered puts such that you make slightly over 1% (e.g. March 128 puts get you 1.32). Then you set aside enough money in your account in case you get assigned (e.g. $12800). Obviously you could get fancy and use margin to sell more puts than you have cash for if you get assigned. If things work out, in the most conservative case, you get around 1-1.2% every month, which is fairly reliable and safe. In the event you get assigned, big deal, it's a stable ETF that you can hold and sell covered calls on. So you could get around 15% annually without the huge emotional turmoil that happens when you own a stock that gets screwed (like WM)... because that's much less of a factor with something like SPY or DIA. Any feedback on this strategy?