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Read up on option basics..you are missing the point

Other than a Div play,why would anyone exercise a call early???

Ok,Ill be the first to admit it...I bought GannTrader software back in the day....

You nailed it on the sell half hour before close

You dont have option software?? Who are you Jesse Livermore??

The comparing of IV vs Hv is simple.The comparing of skew is simple. Making money is the tough part.Like direction,calling bottoms or tops is no easy task.. What you will need is a decent program that has historical data on IV and HV. Typically it's broken down to various time frames such as 20...

That's my go to trade:)

How many stocks,decent correlations?? Vol is certainly cheap enough,can you easily afford the protection??

I thought you were the "Natural"

Or he should get really good at picking direction:)

I said interesting..Havent run the backtest

Just divide gamma by theta:)

Day trading a singe option,I go with stock vs high delta vs lower delta.. Thats a "gimmee"... Totally agree you have to look at maximising your view... Im going down the rabbit hole with SPX Trader,and backtesting buying ATM options with 1 to 5 day holds,with and without stops/profit targets...

For daytrading I would buy stock,but I am backtesting it right now..When I go back 15 years ,my results seem funky You are asking the 1,000,000 question,and thats what I am trying to backtest. Keep in mind,maybe you buy 2 .50 ATM options vs the deeps(delta flat) ..Maybe Dollar even(5-1) is too...

For day trading with no overnight risk,and trading a single option, I would argue(strongly) that the highest Delta is the way to go...Ill take Delta/Theta over Gamma/Theta :) IMHO,it comes down to the second part of the question i asked .Are you more inclined to be a backspreader or a ratio...

A bit more digestable..Bennets book is decent too option skewPIMCO_FeaturedSolution_Goldberg_EquitySkew_June2015.pdf https://www.globalvolatilitysummit.com/wp-content/uploads/2015/10/Option-Skew-The-Many-Measures-And-What-They-Tell-Us-ISE-NationsShares.pdf

For day trading? :)

They are decent,certainly the best out there for free.. I prefer Orats as there is much more flexibility in ther charting of IV

https://www.ivolatility.com/doc/JOD-MIXON_(2011)_+_Appendix.pdf

Look at Market Chameleon Charts.. You are looking at skew in a very low vol environment.Its different in a high vol environment. I'll try and find the paper I have on Skew and post it