We watch tomorrow for the bear movement (test 26.66 or whatever it was) ONce its confirmed the calls we want to buy/ sell will be more affordable. WE sell calls above the major support line. and buy calls that will benefit from the next up movement.
we will profit from selling Higher valued contracts buy offsetting our costs selling OTM calls. When the market turns up we will benefit from increased VOL Once the movement nears the top you can buy some puts and profit from market correct (just Ideas)