Buddy from my USMC days trades TNA almost exclusively. Sells premium in the money on both sides. He’s a rock star.
Given that this week the probabilities favor an expansion and today’s price action was extremely bearish, I would trade from the call side. Having said that, there is a lot of support just below and the longer term structure is still very bullish. Pretty significant support seems to be sitting between $85 and $80.
If I were already short calls — like my buddy is — I would take some profit just above and be ready to exit at any sign of a rejection. Not sure when I would flip to selling from the put side. Greece and China seem to have everyone on edge.