Assume we are on a Friday, exactly 15 days from expiration, and we have an underlying instrument ABC with an implied volty of say 50%. Let us call this underlying instrument ABC. The instrument has call and put chains. Successive strikes are spaced by $1. ABC is trading at $134. We estimate that in one week (between the current Friday, and the Friday a week before expiration) the stock will trade in a range of $132 to $154, and volty would not rise and would likely be in the 40 to 50 % range What are the best ways to play the estimated range scenario using options? I know that it depends on risk/reward, probs, etc, but I want to know your suggestions.