I am new to options and treading water. I have a very accurate method that is very good at calling tops and bottoms and a little less good at giving an exact exit. This method can generally call a dow turn with about 40 ticks so I have been trading spy options. I am frustrated because, as I just learned, I am picking the wrong ones. I have being going long the front month options which is wrong because the time decay really accelerates in the last three weeks. Suppose...for the sake of argument that I can call any and all SPY turns within 40 cents. I plane to hold these trades for three to five days but am more than willing to hold them as long as they are moving in my favor. I realize I should be shorting options but which ones? Should I short front month...three months out.....or does it vary case by case. If it does vary how can I determine which are the most likely to move the fastest as the trade moves in my direction? I am usining Interactive brokers and see their tools....just not sure how I should be using them. Since my method works fine with a forty cent stop...I see no real need for complicated startegies or hedging. For the purposes of this thread....lets just discuss which option and which month.