Sell 2x SPY Nov 151 puts
This backratio is for a net credit, is net bullish, theta positive, delta positive. It is a bullish trade, with an explosive profit potential on a decline to the lower strike. A decline below SPY 148 and losses get large. I've been doing similar SPY backratios for many months now, and so far I have collected the smallish premiums each time.
Long AMGN APC BA BRKB GDX IWM KORS LGF NKE XRT
Net long GLD SPY