The dow futures are currently trading around 11500....if I think that in two months, the dow will be trading at 10950, what is the best way to trade that with options? I know you could buy puts....but the time premium works against you. Selling calls is good but requires more margin than I want to use. So...whats the best way to make this work?? Lets not debate my call....lets just assume that on 11/15/2006 YM is at 10950.