I learned from my father in law who has been selling them so long that he showed me how to do it from a dos program.
I don't have resources just a little knowledge, and we all know a little knowledge is bad.
IIRC stock options are up on the 3rd Friday of a month.
You sell options in bulk of 100.
Say you own GM, and it is at $100 per share. You look at what the option for that stock is going for lets say $105 per share.
At the 3rd Friday, the person who bought your options can either say no and you get $5 per share or he buys the stock at the $105 price and they are his. The stocks can be worth more than $105 at the time, but you sold him the options to buy.
So either you get your option money, or money for the stock. You can't loose. If you get the option money, you still own the stock. Some times you can sell options for GM 5 times before the person buys the stock. Volume and diversity are the key.
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