one good thing about a sharp decline (if there ever is a good thing) is the improved premiums. I wasn't comfortable writing puts in the 80s or FAS in the 150s after the sharp runup the past 3 months but this pullback has provided an opportunity to write puts at a lower level. Of course, it can go much lower. A 7% pullback in IWM from the highs could take TNA into the mid 60s. I am heavy in cash so I wouldn't mind starting a position at that level. I also wrote some weekly 70s early this am @ .41. Also short 1 AAPL 435 put expires tomorrow. AAPL not acting well so I may take a break on that one. If the 435 level doesn't hold, it could drop to 400, imo. We'll see how the next few days go. Good luck!