The infinite trading loop (Covered Options)

Selling put contracts on a weekly basis can be lucrative. Even if the contract is executed, you can sell a call options contract the following week. Leveraged etfs have higher premiums compared to regular shares. With this reward comes risk and high volatility.
But what are the risks? How much can tqqq go down in one week? TQQQ has a weekly volatility rate of over 5% and 8% monthly.
In the long run, if you implement good risk management I believe this can be profitable in the long run but keep strong buy and sell signals in mind.
As always use technical indicators and guidance. Good luck!