To me, that means sell covered calls where appropriate.

It also means it is time for me to take some profits off the table and get rid of any positions showing weakness.

Then, probably next week, I will add to my long term positions. Buy back some covered calls and get ready for the cycle to loop around again.

Of course, I could be more aggressive but then I’d have to spend more than a few minutes a day figuring out what to do. That is just not my style.