I think a strangle/straddle would be OK Monday morning. Below is a QQQ weekly OTM strangle paper trade - lets see how it does.
QQQ at $114.28.
QQQ weekly OTM strangle.
Buy 115.00 Sept16, 2016 call ask at $0.52.
Buy 113.00 Sept16, 2016 put ask at $0.80.
Total debit $1.32.
QQQ target at expiry...