You sound like Vizzini in the Princess Bride with that hahaha, right before he fell over dead from drinking the poison that he was sure wasn't poison because he was a Sicilian! Highly recommend Fooled by Randomness for you, even though Taleb can be tedious with his rants.
FYI option greeks is just a label for math calcs and charts are just a graphical representation of price movement. I bet you already knew that ... hahaha And you're spewing jack nicholson as an authority. You know he's a actor right? Someone who pretends to be someone else for a living...
I learnt to talk like this from amateurs traders like you in here. An authority on option greeks...lol
Good idea to first test your strategy through a bear market (and make sure you can identify a bear mkt in time).
BTW, I don't think there is a bear market equivalent. The volatility is always higher in a bear market, so you cannot just turn a strategy like this inside out by using puts or shorting things.
Covered puts. If your view of the market is bearish, just short the index or major stocks and write puts on them. The upside movement is protected up to the premium, if no movement, you collect the premium. Sure, if the stock/market falls, your gain is limited, but hey, you are making money when most everyone is losing....