The next few sessions can be very telling with respect to volume and the direction of the market. The bullish push we had a couple of weeks ago was done with rising volume which is a very positive sign for the bulls. Last weeks markets retraced some of the big gains, but pull backs were modest with low volume.  There is no way to know what will happen next but should the market decline with increased volume, the call positions would have to be exited and put position will perhaps be increased to take advantage of what the market is giving us.