Obvsly, I don't use it on Daily chart. I watch it in 15 / 30 Mins interval. Grab the bigger picture. Around 3 pm EST. I look at all the market internals. Hedges added if needed at 3;30pm EST. No day trades what so ever, Unless i want to get stopped out. There is no point in day trading options. Being an options trader, its best to swing it. Swinging options have proven to work, if you take positions after Lunch. There are lot of research i have done in the past about the option valuation.