in my uneducated experience, it seems as if options have the most premium at the time you would least want to sell them. What i mean is....when a call option on the SPY has $2 or $3 of premium, the SPY is very likely to continue to go up, no matter what the charts tell me. When the premium drifts down towards or very close to $0 the market is often ready turn back down. It seems to me this is why most premium sellers eventually blow up. Is there anyone or method that tracks premium as a sort of contrarian indicator?