Buy/write strategy for a rising market says buy the stock, write an “out of the money” call with a 2-3 week life and ride til the expiration. If it does nothing…pocket the premium and repeat, if it increases and you get sold out, pocket the premium plus a few points to the strike price and if it decreases the premium provides a “cushion” .buy the call back and roll downward.
Two out of three outcomes make money and the third is somewhat hedged (and 3 weeks is short). The time value erodes quickly in the last few weeks and that is what you capture.