What To Do With Options

We plan to look for more opportunities to make money writing options as the risk premiums right now are quite high given recent market turbulence and the underlying volatility. We may also consider some tax strategies that involve writing puts and buying calls on specific stocks we consider oversold in our portfolios and that allow us to take advantage of tax losses before year end. We are not quite ready to begin buying straight call options on new investments as we are still not comfortable with future market direction. The market is just too fragile and volatile right now and the 3-6 month outlook is very uncertain.