Sell call spreads on any rally towards 1200 on the SPX. We need to break down further to wash out the technical traders. I fully expect a sharp bounce right after a break. I see anecdotally that many short puts are being assigned this AM. That buying could provide some support above 1080, which will keep the wash out from occurring. Pick just about any stock that doesn’t pay a dividend this month and sell a call spread- ANF, CAT, and MMM are all good short candidates. Always have a plan and a back plan- I’m working on a back-up to my back-up now- which would be a plan for a big rally… probably don’t need to work too hard on that one. ONLY BUY STOCKS THAT YIELD 4%+ INTO THE DECLINE- any other strategy will most likely lose money.