I am an average, profitable futures day trader and stock swing trader. Oftentimes, I scalp SPX OTE calls/puts intra day with tight stops but get wicked out due to decay so I prefer to stick to futures. I am wondering though, if can I get \*fairly\* low risk return selling OTE options? Let's say for arguments sake, I:
Am excellent at reading price action and have very good risk mgmt
I have ...$50k of capital to deploy daily.
I want it to be relatively stress free. no white knuckling.
I want to start small, get better, increase knowledge and comfort and increase size.
Questions:
Should I be just selling calls if I am anticipating a downturn? And selling puts if I think we rally north? Or
Should i be utilizing some spread? Should I be utilizing a different instrument if i expect chop? Should I be focused on delta?
Is there a good time of day to do this and how long should I be in if I just want to collect the juiciest premiums for a short while without exposing myself to end of day volatility? OR is this just way too complicated for a regular day trader and i should avoid altogether. Thanks!