Quote from syswizard:
How is this better than trading the futures ? Options tend to be less liquid and wider spreads, no ?
Not better, just slower paced. .50 delta ATM allows me wiggle room for certain setups.
Spreads are only 1/2 a buck typically to pay up, and usually can get them mid point or better as long as they are not trending too strong.
I will take the underlying sometimes, usually pre-mkt as the spreads are wider then.