Although the market has indeed drifted lower, it hasn't crashed hard and fast and therefore my long premium strategy hasn't benefited much. In fact I'd be losing money had I not played Pachinko scalping with the aid of a few of Volente's posts and trade levels to compensate for the time decay. I had to roll over to the next month to give it another week for the market to crash. Really very small % increase to my account. Nothing to be proud of. My only consolation are the pain suffered by the myriad of perma-bulls that are losing their ass since the market topped, and that came often here to gloat about their trading prowess. I'll be taking a vacation with some of their losses, which are part of my small winnings. If the market doesn't crash by the end of May. I'll flatten this trade/gamble/call/crapshoot. If it crashes, I will also flatten it.