I'm not paritcularly thrilled with my options (no pun intended).  C is too close to $20 for me to like the $20 strike and the premium on the $22.50 (SEP) is a nickel.  With commissions, that stinks.  So I decided to do something a little different, I went out a month and sold the $22.50 strike (OCT) for a 0.25.  Not exactly the 1% per month I was hoping for, but it's about the best I can do at this time.  Time is ticking away and volatility is high, but it's all back and forth and all over itself.

And coincidentally enough, I'm looking to sell some $18 (SEP) puts on the XLF.  I have a long term holding that's not doing too hot.  I would like to apply a band-aid to the stab in the chest at least and if it goes much lower than $18, it looks like a good DCA strategy for my long term holdings.

The market commentary has been light because it's just a lot of repitition and not much interesting at the moment.  Things are calmly violent.