trading options in volatile market

Any suggestions on strategies for 'day' and 'short term' XJO ETO trading over the comming months?

Eg buying small qty of contracts 'at' or 'in' the money compared with many more contracts out / deep out OTM, for both puts and calls.

Also thoughts on trading contracts that expire in current month, next month and month transitions.

I am assuming XJO will trade in an upward sloping range for some months with a small chance of a signicant fall, and have a strategy that covers me, but is not suited making the most of significant volitility.