How do you pick dates and prices on the options?
The sold CALL is nearest-date expiry.
After the CALL expiry date, you sell another CALL option and repeat this until the PUT option that you own expires (upon which you can buy a new PUT option and continue the strategy). You collect dividends on the underlying + the premiums on the sold CALLs.
Your long-term profit would include the dividiends + CALL premiums - PUT option purchase price while being protected from drops in the stock value.
In the event of a sold CALL or PUT exercise scenario, you also have capital gains adding to the profit.