I was interested in P/C but as you said it doesn't really provide much useful signal. I guess I am looking for some sort of market/volume profile but for options per expiry. Not even sure if such thing exists.
Unless you are big "Johnson" swinging Destriero type playing esoteric sticky delta etc., stay away from Butterfly. These spreads are VEEEEERY slow moving and to quote the big man himself " delta netral is just an illusion". Been there done that (just my experience).
PS: give calendars an...
Have no time to (re)start the laptop after work. Wife kids etc. Got a full time job during day and trading in between day and evening (usually after work). Trading in my case involves small positions in options spreads. Hope this helps your case.
Options! There is a misconception that options are complex. I mean you dont need to go into Black-Sholes calculations in detail or greeks calculations in detail unless you are doing some esoteric Destriero stuff. Just the basics of greeks will be enough as basis. Options offer capital efficiency...
Do you have an overview of success rate and/or profitability of each spread type you use? I have a general impression that butterflies were most sucessfull in your journal.
My point was that similar to short put there is a risk to the downside and from that point of view, CC and short put are similar. Was just trying to make you understand. But whatever man troll on.
I disagree, but everyone has their own way I guess. Different time frame charts show different patterns and using 5 min chart for swing is bit strange to me. Anyway I hope you make money on your trade gl.