some equities now offer up to five sets of weekly options. that is to say you can now choose between an option expiring 7, 14, 21, 28 or 35 days from any given friday. the extended listing of weekly options is a relatively recent development and is only available on a very small number of highly active stocks and indices. however, clf, one of the stocks that is coming into season, has extended weeklies. i play these weeklies by selling naked puts on clf. i started selling the 35 day expiration with the idea i would scale in by selling a 35 day naked put each week for 4 weeks after which i would get a relatively rich roll from 7 to 35 days, every week. timewise, this is the same roll i would get with the traditional monthlies but once the pipeline is primed, i am able to generate weekly income from the rolls.