Are Some Naked Call Sellers Jumping Into the Pool?

It seems that way as the SPY closed below its daily 50% Fib level of 166.05.  

I still managed to lose money after taking profits on CIEN and EPI.  

Towards the end of the trading day, I decided to try out a VIX straddle in honour of Non Farm Pay Day tomorrow.  If this works out, I'm going to start implementing this strategy on a broad-based basis, playing it for every expected high impact news announcement known to trader kind.

I noticed a triangle formation on the daily SPY chart that points to an imminent breakout right about the 166 level in either direction, but decided not to straddle that one as the VIX options were a lot less expensive and presumably the VIX will move more.

I pray to the Good Lord that I'm finally finding my financial way and that there'll be huge directionality on the VIX tomorrow.  After a string of hits and misses this week, I've had a tonne of financial highs and lows, but mostly, I'm feeling kind of dejected here.

-2.70% SBA
-1.05% Roth IRA

+0.04% DJIA
+0.27% Nasdaq
+0.12% S&P 

+0.89% FTSE
+0.72% Eurofirst
+0.08% Nikkei
-0.24% Shanghai
+2.22% SENSEX
+1.22% Hang Seng

+1.04% WTI
+0.34% Brent
-1.36% Gold
+0.23% Copper
-0.86% Corn

-0.64% EUR/USD
+0.40% USD/JPY
+0.45% EUR/GBP

+0.56% DJT
-0.44% VIX

+2.83% 10-Year US Treasury Notes


48% Advancing Issues on NYSE                    |   62% Up Volume
50% Advancing Issues on NYSE                    |   37% Down Volume
2% Unchanged                                          |   1% Unchanged
96 New Highs   |   49 New Lows


58% Advancing Issues on Nasdaq                 |   74% Up Volume
38% Advancing Issues on Nasdaq                 |   25% Down Volume
4% Unchanged                                          |   1% Unchanged
119 New Highs   |   21 New Lows