It won't simply churn out money. It's informative to study things like this but your real money making strategy will be something different. https://www.math.nyu.edu/~avellane/Lecture10Quant.pdf and this https://blog.quantinsti.com/dispersion-strategy-correlation-stocks-volatility-index/
You are not wrong except it's something that's widely known already and in trading, the only way to make money is by doing something that is not known. This is what everybody is saying. Nice discovery though. I am sure it will be a good strategy when done right.
Wow. Just WOW. My intellectual prowess follows in the footsteps of learned scholars! I shall study those until I die FreeGoldRush, and thank you for proving I was right with my general concept!!!
Try it in sim next week, because it will be the biggest and best week to try it, what with 4-5 of the biggest QQQ stocks reporting earnings next week. Enter your sim trade on Monday for expiry on Friday, see how it works out on the weeklys.
All that matters is whether or not you have put the odds in your favor. The link to that paper I posted shows no such thing. You may want to read it carefully before you consider it to be something that supports your money making goldmine.
Just a suggestion, but have you considered thinking these ideas through properly, modelling, backtesting, paper-trading (*) etc before you launch them upon us all like an epiphany and wait for someone else to tell you why they don't work? (*) you know, the things that traders do!