Notice the bollinger bands how narrow they have become. This is a prelude to a up coming move. One of my favorite strategies to put on is a delta neutral position. This is a none directional trade.
the rule is to buy the cheaper options as it would increase your profit level but if you have a bias toward market direction then go with that for the futures side of the position.
Example of the position:
Long say 1 futures and long two ATM puts as your hedge. All one needs is some volatility to make money no matter which way the market moves. And you can sleep well at night lol.