Buy the longest term put and roll the position when it is near expiration. Don't fully hedge, just 1/2 to 1/6. Also, don't write covered calls, that gives up

Buy the longest term put and roll the position when it is near expiration. Don't fully hedge, just 1/2 to 1/6. Also, don't write covered calls, that gives up too much upside. Instead, sell outright.