TNA is trading towards the lower end of it’s trading range. With the market being as volatile as it is right now, I don’t mind play an ETF that follows the Russell 2000. I am looking an the 11 day that would expire next Friday. targeting the 37 strike price which would be right around the 20 delta. Normally I wouldn’t mind going with a higher delta. Somewhere around the 25 but again with the market volatility I’d rather shoot a little lower. This will give me a little over a 1.5% return in 11 days. If I did this trade 2 more times in a month, it would give a little over a 4% monthly return. If I get assigned then I would turn around and sell cover calls.