Having trouble selling call spreads

For a fair premium... The last two days... Tells me the opt mkt is looking for more downside from here into march. Fwiw.

Very astute of you. The support for most indexes is three or four average vol trading days from current levels. I suspect we are getting the correction, but my spreads were set up a few days ago, Contemplation? Will No I am following Terry Laundry T theory on timing. Best, Islander

My option outlook looks balanced now, I do not think we will go below 1100 very much before a strong bounce. I am looking for 2% downside and then 3-4% upside. I think 1090-1100 zone should be a good bottom picking opportunity for a bounce at least up to 1120s. Then the plug will be pulled once more to dive sub-1100 zone and more...

The last week of January has been seasonally strong in all studies. [ref: 1]

Edited by arbman, 21 January 2010 - 11:03 PM.