Given how extensive the content in Preferences are in the application and how often I interact with it, I always found it a bit cumbersome to have to open the Options menu to select it. I know about the CTRL+P shortcut but I'm usually coming from another application so it would require me to select the WACUP window first anyway.
The easiest way to implement may be to add the option of having the Window lightning bolt open up the Preferences window. I definitely don't use the current options nearly as often.