NEW YORK ( TheStreet) -- The U.S. added 146,000 jobs and the unemployment rate dropped to 7.7% last month. Stock index futures are taking the numbers in stride, currently trading up 6 handles at 1,419.25 on the December S&P 500. The S&P 500 futures are approaching resistance around the 1,420-1,425 area. Bonds and notes took it on the chin following the number, with March bond futures dropping over a full handle to trade as low as 149'11. This level coincides with the 20-day exponential moving average (EMA). As of this writing, the market has held that level and is bouncing off the lows. In my opinion, with the S&P 500 running into resistance, and bonds holding the 20-day EMA, this could provide an excellent put-selling opportunity in bonds or notes. After all, If the S&P 500 fails at these levels, bonds could potentially rebound sharply. Web site and download my free e-book The A To Zeman Guide to Option Selling. As always, feel free to email me to discuss how premium collection strategies may fit into your overall strategy. Please note today is Dec. 7, and all trade data is based on the most recent information. Futures and options trading is inherently risky and unsuitable for all investors. Past performance is not necessarily indicative of future results. Stop-loss orders intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Commodity Futures Trading Commission disclosure for licensed brokers: This material is conveyed as a solicitation for entering into a derivatives transaction.