Selling puts
This is for educational purpose only.
Put your money in a money market account which earns interest (now about 4.5%). Then sell cash covered puts against the money market. Note 1 option is 100 underlying stock.
For example:
if SPY=580,
Sell put on spy, quantity: 1, expiration date: 2/28/25, Strike price: 580, price: maybe around $20.
Best case: on expiration SPY is higher than 580 and you make $20×100=$2000 plus the interest from money market.
Worst case: on expiration SPY is below strike price of $580 you end up buying SPY at $580-$20=$560
At anytime if you you made money from the put and you think SPY is going to go down a lot you can buy back the put and sell again when it is down.