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QLD has a solid support at 30.00

At the current level of 32.35/share, one can take advatange of locking an intrinsic time value premium by writing the May strike 30 calls which are offering 3.40/contract.  So, you get roughly 1.05/contract in time decay.  I chose strike 30 because should the ETF pullback as a result of profit taking, the 30 support level should be a good "buy and hold".