[stocknoob]

Yep, I basically do the wheel but I try to avoid taking assignment. I just roll out calls if the stock start creeping up. I initially only sell against a portion of my shares so I have the ability to sell more options, at higher strikes, and not take a loss.

If I'm underleveraged, on a weekly expiration date (MWF) I'll sell a bunch of options a few strikes out a few hours before expiration, with stops. Usually they decay down and you get a lot of premium in an hour.