We've been observing consistent price drop last Wednesday previous to which the puzzling trend in this pair was sideways and certainly not an uptrend.

Any abrupt upswings can be utilized by constructing put ladders so as to present leveraging effects in profitability.

As a result, we've already advocated put ladders, but for now we like to short 1 lot of OTM call + 2 lots of ATM put longs are suggested so as to replicate the swing trading but the position derives exponential returns. 

What is good sign for put option writers is that prices remained sideways or slightly swinging southwards (see daily technical charts), while the pair is likely to perceive IV closer to 13% which is on higher side.

What we could now foresee is that the time for those active long positions in ATM puts with longer tenors, on the flip side OTM short calls would enhance profitability even though some abrupt minor rallies are expected.

Here are the ways in which one can build and develop fresh put ladders regardless of swings.

For now instead of shorting in the money contracts in the strategy prefer OTM instruments as the pair has already dropped a bit.

If you add ITM puts on short side then they may be at risk of exercise, but those who've already deployed ITM shorts in the recent past, you have nothing worry about this now as they've expired worthless.