Help me construct an SPY covered call strategy and occasionally use put spread to increase its return.

To tailor a covered-call + occasional put-spread strategy around SPY, it would help to clarify a few points: 1. Investment horizon and target yield: Are you seeking a steady income focus (e.g., 6-8% annual yield over the index) or a more aggressive total-return goal? 2. Risk and drawdown limits: How much downside (in % terms) are you comfortable with on the overall portfolio in a normal market year? 3. Option cadence & strikes: Do you prefer writing calls monthly at ~5% OTM, weekly at ~2% OTM, or another schedule/strike selection? 4. Capital deployment for put spreads: Roughly what % of the portfolio can be committed to put spreads during market pullbacks? 5. Tax or account constraints (e.g., IRAs can’t sell uncovered calls)? Once I have this, I can build the allocation, entry levels, and back-test the strategy for you.