crab market

Writing covered options is a technique to use when we're not in a bull market or a bear market, but a crab market. (I call any market that moves sideways for any length of time a crab market. This is not simply because crabs move sideways, but because people, deprived of their daily dose of market action, tend to get pretty crabby during these periods.)

Overall, the crab industry is faring well right now. The higher price of shrimp actually is a good thing for the crab market because crab is a higher-priced, premium item.