Thanks for the prompt reply! So, I guess both sides could be 'right'. If the bad bear month of October can't bring the precious metals down any more than they are right now, then that almost means that they are poised to fly higher when the calendar flips over. I've never done a strangle, but being biased bull, then a 'covered call' would seem appropriate. Buying the underlying future and selling an overhead call to strip out the time premium if and when we go higher. And thanks for your classic chart rendition. Appreciate you taking the time!