It is a shame we are in a time where you are unable to search the internet for all the articles out there on strategies. If only someone could invent that...
This is a huge and complex question. Not a quick answer for you. First understand Risk vs. Reward. Second Option Greeks and how options are priced. Then decide if you will trade Options on Futures or Equities. We are paid for taking risks. Sure you can structure an options trade that will be almost "risk-free" but then your costs will eat up most of any profit potential. I sell Premium very often as an income strategy. Lot's to understand to do this consistently with profit. It involves Dynamic Hedging. Most anyone can learn this but to do so, requires a carefully structured plan. A good understanding of Game Theory is also a benefit to understand the successful execution. I am not trying to be cryptic or to overly complicate but requires a further explanation of what you are seeking to gain by your question. YES, premium selling does generate potential profits. Lot's of info online -- most may be less than accurate. There are plenty of newsletter sellers that will provide "picks for selling premium". If you want the formula for selling premium successfully it will depend on your risk tolerance and your available capital for margins. The answer is proper allocations and hedging your risks.