options based on algorithm signal

hi

i swing trade using an old algorithm program. it makes some $$ but appears that this could be a home run using options.
however, i have little experience trading options an am looking for some one knowledgeable to discuss the potential and of course share in any profits doing your own trade.
i have proof of all trades for all securities and could pdf prior to a discussion.
don

 

what you need to know about options....

 

Really quite simple ........ When your program signals a buy or sell of the underlining do the following:

Buy XYZ = Sell ATM XYZ puts
Sell XYZ = Sell ATM XYZ calls

Then buy the options back to close the position when your program indicates.

 

Don, you might find this recent thread helpful. The OP had a similar question:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=277656

 

TBH, if it works in D1 then stay there. Most successful systems fail when trading convexity.