hey, low risk- very high reward? Sign me up! no seriously, working with options and arbitrage are advanced levels of trading. options even when hedged right, the spreads between the bid and ask are large. the room for error is significantly less than with equities. Would you be open to starting with simple strategies based on the market knowledge that you already have; then build upon that trading experience and slowly get more and more complex? Or use small position sizes at first? I wish you the best of luck to your new venture.