Trade Idea: June 09 Puts / Calls

There are only 24 days until June expiry, and I don't think that option premiums may increase enough to make it worthwhile placing another put trade. I have been looking at the 1100 (110) puts for .15 or so. The NDX has a tighter spread, while the MNX bid / ask is too wide. They are app. 22% otm - which is usually far enough out of the money, but I am afraid of a reversal which may take the index down uncomfortably close to the 1100 (110) strike. On the call side, thinking that the index is due for a breather, the 1550 (155) calls can be sold for about .23 and are 10% out of the money. I typically don't like placing call trades because in order to bring in enough premium they have to be sold much closer to the index than I like.

Technically speaking, the index is bumping up against its previous high of 143 and is still hovering around its 200 dma, unable to strongly advance above it, so some sort of pullback may be coming. The question is how soon and will it increase premiums enough.