almost an exercise in futility. with all the other viable trading strategies out there, it almost seems as if it would be a waste of time. Why not use a strategy where you start out with at least a 50/50 set of odds? you could use more expensive options that would move closer with the stock but then the leverage benefit that would apparently be provided through the use of options would now be offset by a higher premium. If the plans are to day trade, it seems you really cant beat using the underlying.