I'd appreciate comment from experienced option traders on the best option strategy for the following, please : I have a simple screen that produces stocks for small gains, 1 - 3%, typical trade duration 1 - 5 days. My research suggests the following two alternatives, both front month up to 15 days to expiration, then second month. * Debit call spread ATM/OTM : lower cost for better ROI, but lower position delta; or * Deep ITM calls (delta >0.9) : much more expensive, but much higher delta. Many selections are mid-caps with low vol options; this Monday's were (gain after 2 days) AKRX + 3.48% CDNS + 0.42% HPY + 3.23% TEX + 3.36% SPY up 0.35% for comparison. Do you think this is viable with options - targetting 3% gains - and which/what strategy would you use ? J.