thanks for the input do you have a link to the work using the "scalping the noise using options in high volatile stocks such as AAPL, TSLA, GOOG" or have the "someones" name? and you did say occasional big drawdown...so what type of exit strategy would you implement to avoid or minimize this?
no trades today. the setup happened but wasn't till later in the day and I wasn't around to see it. but when the setup did occur there would have been a 1.72 point difference hi/low.. 1.32 points if you got in on candle close
Why don't you use a synthetic or a near-month, very DITM option? Maybe I don't understand what you want.
10-15 sold lots at 3%, 6%, 9% and a 9.5% ROI 3% lot got eaten up by fees oops.. 11,259.12 cost 591.68 net gain
10-16-15 got in and out 3 times. one on the first and the second one got in a bit early and added more puts at the lower price. the final one I saw was a true turning point Using bigger charts and got a 40% ROI first lot was 6% ROI middle lot was -10% ROI -19% ROI -33% ROI it appeared to be the top then then candle took off so I added to the position to lower the cost basis. last lot was a 40% ROI (waited a bit as I used the 13 min chart to determine a true change of direction)