To add on Number 3. I started in March 2024 with $15k in Money Market Funds to use as collateral and during these 7 months, I earned more than $4k selling PUTs and buying one call (+26% Performance).
I got lucky so far and I understand a big market crash could wipe a lot of the performance Year To date but I do have risk controls in place.
I like the option play to hedge and reduce the risk.