Opened bear credit call spread to hopefully take advantage of the high IV% and time premium. As long as market vol remains fairly stable for the rest of the week, I'll be in good shape. The very high time premium on short dated options means I am only at risk for a short period of time. It is atypical to be able to capture this amount of premium for options about to expire. The down side of trading short dated options is it is very hard to make adjustments if the trade goes against you.