@mtventures the indicator which you used may be different but the one which I mentioned is also giving the same levels
1. Instead of holding option, buy/sell future and hold it. 2. If you want to hold any option then hedge it so that there won't be big loss and theta decay also won't affect much.
You can use different options selling strategies in as per market situation. For bullish market you can like bull call/put spread etc and for bearish market bear call/put spread etc. For sideways market use different strategies like iron condor.