Looking at the daily and intraday charts with narrowing overlapping ranges in a somewhat narrow range for over a month ... compared to the swings during the few months prior ... I'm thinking potential straddle or strangle on Thursday ... as long as price doesn't do anything to spike out of the range overnight.
Any thoughts from others?
Could also provide a decent legging out scenario. Have the (un)employment report on Friday along with all the B.S. from the political convention stuff working. Just tossing an idea out there for conversation since I'm gonna most likely be putting something on tomorrow.