New Position and Stocks of Interest

As for my entire portfolio it is totally flat. I have almost no directional risk, but I really rather not have any. I have some short premium on in VXX and a few vertical spreads. I am watching RHT and BBRY, possibly for some butterfly spreads (Earnings tonight and tomorrow).  For example, tomorrow I will be putting on a May expiration XLF 18/19 put debit spread.  Despite this, the past few days have been taking off winners, so naturally my new p/l has been negative. And to be honest I have had a very tough 1st quarter of 2013, but I am recovering. The only good strategy in this type of market is selling premium, but the lower the vol the riskier it gets. I will say it again the SPX is trading at 11% IV percentile. As for some other trades, I am putting  on another covered call in CLF. CLF fell to 15% today on a Morgan Stanley downgrade (stock down 15%). I will enjoy fading this move. I do not want to put on a short put because I want to limit the downside, and I would prefer to do the put in some other stock. Maybe the puts will be in BBRY if I don't do the butterfly.