I wouldn't call it "banking" but ~5% gains daily. I don't bet the house on it. If no movement on a Mon - Wed, I am red by ~20% but 3 days in a row of < 5 dollar moves is rare. I add at that point (new strike to remain ITM) to get back to break even or a small profit.
Main strategy is COP covered calls against 1,000 shares. That has been good the last couple weeks @ + $1,000 since oil decided to turn south. I'm out of most short calls and thinking that oil is going to turn north for a week or two again. COP has one of the best dividend rates for income so IMO, a keeper.
I am a GOOG trader fan. So I also keep way OTM calls past earnings. I have had between 5 - 10 GOOG Sept 800 calls that I've been flipping to keep the cost basis down. Right now they are pretty darn red but have been moving back up. Plan to keep those up to the week of earnings and sell all but 1 or 2 before announcement, depending on whether or not I'm green and how green. And will be shorting the hell out of GOOG after earnings for a week or so matched with my strangle strategy.
Just don't go to sleep on Friday's because as you know, if GOOG goes up or down 10 bucks, it could reverse back to a 1 - 2 dollar move and you're position sucks!
