Because I have the buying power available, I am going to go short strangle, but wider than usual to hopefully avoid a debacle at the end of season. It's gone pretty good this season with only three problem children (YUM, IBM , and HD ), and I'd like to keep it that way going into the next while I work those three out.
Here's the basic setup, which I may tweak during the day depending on how price moves intraday:
Dec 11 115/150 short strangle
Max Profit: $175/contract