One of my favorite setups is when it's basing. Institutions like to accumulate a position in the sideways price movement. This is stage 1 accumulation. Since it held $84.80 i was comfortable holding my position even when it dropped earlier this morning. I made sure to scale out some contracts because this level where it closed was a spot where profit taking occurred and/or limit orders being filled.

Theta is indeed working but since it has two weeks it won't eat much of my contracts until the week of, unless, however it dumps massively.

I typically like to buy red candles than breakouts.