Ordinarily, I like to work these via Iron Condor or short strangle (buying power permitting).
Currently, here are the two setups I'm looking at:
An October 23rd 89/92/134/137 Iron Condor
Max Profit: $89/contract
Buying Power Effect: $211/contract
Break Evens: 91.11/134.89
An October 23rd 92/134 Short Straddle
Max Profit: $385/contract
Buying Power Effect: Undefined
Break Evens: 88.15/137.85
Notes: The short call and the short put strikes are indicated on the chart in blue, with the 134 strike somewhat above the 2015 high and the short put above the swing low at 85.50. Consequently, I could see skewing the setup slightly , for example, by lowering the 134 short call strike to 130 and the short put strike down to 88 (and adjusting the long call/put strikes accordingly).