Theta gang

People on /smg/ deny this but theta gang is the way to go, if you do it properly.
Basically sell < 45 days to expiration cash secured put contracts on whatever stock you like and would be willing to buy 100 shares per contract of if it dips. You get assigned shares when the stock dips below the strike price, like if you sold the 100 strike put on a stock and it dips to 90, you're forced to buy 100 shares at 100 a share for 10,000 total. Even though the 100 shares are only worth 9000 now. That's the risk you get paid for and technically the stock could go to 0.
You could play it safer and do quality tickers (non-meme, positive PE, well known name, bullish analysts). Or you could spice things up and do something riskier if you're sure the company isn't shit and is really exceptional. Depending on the riskiness of the underlying you could make anywhere between 2-20% on your capital used for the 1-2 months. I don't know your inheritance but if you used 200,000 and got 2% you could make around 4 thousand for 1.5 months. If a stock doesn't offer at least 2% in premium then it's not worth it. But think twice about anything 5% or more, there's probably a reason why and the higher the percentage the more likely it could totally collapse on you.
Another consideration is how much cash to keep on hand. It depends on the outlook for the market and economy, the specific industry for your stock, and so on. If you're bullish you would keep less cash available because you want to make as much as possible selling puts. If you're unsure then stay 50% cash. This is where risky stocks can be helpful because if somebody had 100,000 and went all in selling puts on a stock with 2% Return on Risk, they'd make 2,000 but have no cash for dips. If they did a stock with 10% RoR they could make the same 2,000 using 20,000 and still have plenty of cash. Another idea is to diversify in different industries so hopefully some stay up when others decline.
The tricky part is how to handle dips because there's too much ambiguity. If the situation is really that bad you may exit entirely for a loss, but this is against the spirit of theta gang where you man up and hold and wait out the jew tricks. If you think it's a strong dip but not the end of the world, you might sit back and let it fall further before selling more puts, but you risk missing out on gains if you're wrong and it doesn't dip.
Usually you would just follow a DCA plan. Like if you sold a 20 put and the stock dips to 18 you sell that put, then another at 15 and so on. If you think the dip will be stronger you would adjust your DCA to be wider like 20 put, 15 put, 10 put. Also the position size needs to be appropriate. If somebody had 200,000 but they're selling puts on a $500 stock for around 50,000 each they have way less flexibility if it goes down.
The idea is to stay in the game if push comes to shove and keep the premium coming in by either selling more puts or selling calls against your assigned shares if you can.
The assigned shares are another question, let's say you get assigned on a 20 put, 18 put, and 15 put. You have 300 shares with a 17.66 average. You could wait for it to pump to around 18 and get rid of the shares, but that might not happen. It could dip to 12, crab there for a while, then pump up to 15. In that more drawn-out scenario you would sell one 15 call then worry about the other 200 shares later. Since you probably wouldn't get much for the 18 calls.