Bearish Outlook & High Volatility

The Setup
Sell 1 OTM Call above the market for a credit.
Timeline
Enter trade for 30 – 60 days
Volatility
Since I am a seller of this option I will only enter the trade when IV is above 50%. Decreasing IV will help this trade as inversely increasing IV will hurt the trade.
Time Decay/Theta
Time decay works in my favor. As a seller I expect all or part of the trade to expire worthless at expiration.
Risk Management
This trade should be less than 1 – 2% of my account.
Profit Target
If my position shows a profit near 50% of the max potential gain, I will close the position early to lock in profits.
Break-Even Point(s)
Strike price plus credit received.