With continuing challenges to control COVID-19 in many parts of the country, earnings season arrives with plenty of uncertainty. Many analysts continue to predict large year over year drops in earnings for most of the S&P 500 companies. The mega-cap FAANG tech stocks are generally expected to continue to do well in the current environment but beyond that, it's anyone's guess. The real question is will the markets trade flat, drop or move into rally mode? Without a really great catalyst like another huge stimulus bill from Congress or more action from the Federal Reserve, in the absence of great earnings numbers, my best guess is the market overall moves sideways into the Fall possibly setting up for a rally in the winter as the economy shows more signs of recovery. If that's the case, it's probably a great environment for buying quality companies and selling calls, since there should be minimal downside for the stock price thanks to the Federal Reserve's "easy money" policy (plenty of volatility of course but should track flat to the market) and you can keep more of your call premiums without getting exercised.