Another alternative to buying or selling naked calls is buying a back spread. This options strategy allows the trader to take advantage of market timing while providing some protection in case the timing is incorrect. Back spread is also a good tactic when volatility is low. 

In a back spread you basically want to sell an in-the-money or at-the-money option while buying a greater number of out-of-the-money options. So a bull spread would be one way to attempt a back spread.

In this strategy you want to time your entry when you expect the underlying stock to move in a given direction. If the underlying stock sideways or the implied volatility plummets, then you could see losses.

 Note: Most of the risks involved with a back spread options trading strategy happens if the trade is held until expiration date.