E-Wave for the S&P 500 Index

[JLS]

Bull, Bear, makes little difference to me.

I buy stock. That's bullish. Then some time later I sell weekly Calls against that stock. That's bearish.

It's the initial price of the stock and the management of the Calls that determines how the total trade finally turns out, and that is determined by the velocity and direction of stock price during the trade.

If the Calls are not assigned at the end of the week, I sell more Calls on Monday. Sometimes, I'm able to get a greater return on the Calls by transitioning strikes during the week, but I rarely do that.