Watching $KES Options Around 122.50

Been looking at $KES options, specifically straddles/strangles around the 122.50 strike. The market's been somewhat range-bound, but there's an increasing sense of implied volatility picking up, especially with $KES currently at 122.55. If we see a sustained break above 123.00 or below 122.00 on decent volume, that could really move these premiums. My concern is if it chops sideways for another week; decay would eat into any long vol play.