I have attached a spreadsheet that may illustrate the benefits of avoiding the folly (in my opinion) of betting on directional moves in the next few heart beats versus betting on higher probabilities based on more substantial trends over a longer, more realistic time horizon.
Re the spreadsheet: I hope it is helpful. The raw data is included so u can do your own thing. I left a few of the obvious calcs out to dissuade the lazy.
The strategy is weekly options, only in agreement with the prevailing daily trend, so trading on Monday and closing on or before Friday.
The main points I want to convey:
The power of the prevailing "significant trend" (pursuant to your time horizon).
The "real" options market is not that "expensive" to trade (notice the average cost/risk per trade).
The fallacious (imo) notion that huge, noisy markets are predictable at the nano second increments
that bino brokers offer.
I don't want to argue. If you're happy then I'm happy.
Best to all,