I have a 70% strike rate within the last 3 months. But that's about 5 Stock Option picks a month after hours of research. My TCM 2000 subscription ran out so I couldn't scan stocks, but found a better alternative I thought in a 20$ Apple IPHONE APP that has a candlestick screener. It got addicting. Well in the last 2 weeks or so I built a portfolio of 130 stocks to watch but man its hard to find plays. 90% of Stock Options are overpriced from my research. And then the other ones I miss on I because I miss the opening bell. Like MPC Double TOP formation the last 3 weeks I missed on atleast 1500$ and then it made a new HIZGH reversal! HOW DO YOU GUYS FIND A UNLIMUITED AMOUNT OF STOCK OPTION PLAYS?
It sounds like you trade options from an underlying point of view. You are asking the wrong question. It should be: How do you select stock plays? A lot of option operators trade around a few key names after studying and tracking the volatility characteristics of the underlying. Then, apply the appropriate strategy based on your anticipation of the future. There is a lot of varied exposures to manage in every holding. Entries and exit are made after a period of waiting. There is always something developing. Patience is key.
Btw, if 90% of options are overpriced then you should be selling stock vol like there is no tomorrow and buying the VIX.