Wet Monday

A soggy sort of day, but the market is resilient in the face of global swine flu. Looking to sell calls as is my wont, but having placed an order, I pulled it just before 1 as the market looked to be making a new high for the day. One of my metrics suggests we will have an up day so I am skittish. F has been in a 20 point range since after the first hour, and again I am inclined to see if the US futures while down pre-open, will actually smash up, as is often the trend and give me a better price for the 4300 calls.
A mentor of mine has taken a binary bet on the basis that F will not hit 4180 in this May expiry cycle- I am inclined to be a contrarian when he does this!