Sydney trainer Joe Pride is hoping he has picked that right option on the final day of the Melbourne Cup Carnival at Flemington.
Pride had the option of remaining at 1600-metre with Ceolwulf in the Lexus Champions Mile or stepping up to the 2000m of the TAB Champions Stakes.
Ceolwulf will contest the former on Saturday where he will be pitted against the likes of Mr Brightside, Pericles, Pride Of Jenni and Treasurethe Moment and in the process bypass an assignment against Via Sistina in the TAB Champions Stakes.
Pride pointed out Ceolwulf was a three-time Group 1 winner over 1600 metres, including most recently in the King Charles III Stakes at Randwick on October 18.
That victory was Ceolwulf's second in the King Charles III and his first success since winning the Neville Sellwood Stakes (2000m) at Rosehill on April 1.
Pride is confident that Ceolwulf can go on from that victory and has booked regular jockey Chad Schofield to again ride the gelding.
"He is always confident," Pride said.
"He's quite an arrogant horse. There was no crisis of confidence there." - Joe Pride