Right now I am long the SP emini with a sold 900 Nov call.

I bought the SP emini at 884.50 and sold the 900 call at 35. Right now I’m down a bit on the trade, but have a nice theta and my delta is only moderate.

I like the bounce play but want some free cash and couldn’t resist selling those calls. The VIX is out of control right now.

Just my $0.02