1) could write covered call option, which means buy in 100 lots stock and sell a higher weekly or monthly call option above price action (might want to not get caught in , scheduled for 8/17/18. This is a conservative opition play, because you already own stock, but also make money when prices go up. If your sell call option (lets say at $50) is hit, you make difference of currrent price to $50, around $400 profit collect premium and sell your stock to someone else, do it again.
2) sell option weekly or longer puts underneath current price action and collect premium, you want this to be far enough where chances are neve hit, but you make a good amount of premium for your trade. If your option is hit underneath current price action, you would need to buy stock? Nothing wrong when you now own this stock at like $40, which is around major support levels. Then use it to do another and new opiton trade.