%% That's why in a very good trend=better off with some in the money options.The leverage on options is far higher than on Futures so I use the weekly options which usually works best with a VIX < 30 but it still depends on the individual index.
Right now the leverage on the QQQ options is very low since it sold off ....
I like ETFs myself, even though they don't pay a big dividend like a cash etf/generally...................................................................................................