This summer is shaping up to be a boring one. A slow and steady bleed via the macro-economic conditions highlighted in the previous Market Thought posts. The best strategy will probably be going long equities (as they are very inexpensive), but consistently selling calls against them (as the market will continue to provide a discount until macro data improves). Or selling calls/puts at the right times to capture the sucking of premium from the lack of volatility.
(Unfortunately I am closed off to this, as I would need real-time action to properly time the positions. Sucks ass for me! Instead I am relegated to basically a 'buy on weakness' or 'sell on strength' via a multi-day trend because I do not have real-time tick-by-tick data.)