Hello everybody.. I'm a new options trader.. I have been lurking around these forums for a while, however I never posted anything before. Funny fact, I am trading the chinese options market. I have been living in China for a while and I was wondering if the chances of success in a market that is not as efficient as usa/europe would be greater. The trading platform is simply awful, and recently I made a spreadsheet where I download day by day the various parameters of each option available (not so many, considering that here you can only trade the ETF which tracks the 50 big cap companies). After that, I setup the solver (I'm currently using a tool a bit more powerful than the default excel one) so that it will select a bunch of options according to my parameters. The parameters I set so far are: max-min delta/gamma/vega/theta max-min price and number of contracts I solve trying to maximize a simple "value" function (theoretical price minus current price), while setting boundaries for delta close to zero or slightly positive/negative if I have directional bias, absolute value of gamma as low as possible, vega positive or negative according to High/Low IV rank and theta as high as possible. Honestly tho, so far I haven't been able to pull the trigger to actually trade the options that my system spits out. Most of the time they make no sense, like buying at the same time a deep ITM call and a deep ITM put, or selling a bunch of ITM calls that are about to expire... And I end up trading butterflies and spreads like everyone else. So my question is.. What kind of new elements can I introduce to get better solutions? Any suggestions? - OR - is this kind of approach simply a waste of time?