I've made more money on short term(put options) than any other play.
Think about the psychology aspect of the market and the times we're in(election, covid, uncertainty everywhere).
Are buyers more likely to buy and hold(bullish) with gains or are they more likely to sell and take profits(Bearish)?
For example this morning there was noise about $NIO double, triple, quadruple etc in price action. Good...I played the opposite position and waited for the bullshit action to start consolidating and place my put option just below it with an expiration a few weeks out(time asset). Heck as soon as I'm done with this post I'm going to close that position up a nice profit.
I'm no longer playing the price action/market(too much manipulation there)...I'm playing investor's psychology and the strong desire to take profits as soon as they have them in this market driving that overbought position right into my waiting basket.
BTW: Same thing with Verizon and it going bullish because of the Apple event. Kindly place a put option and closed it out this morning for a nice gain. The bullish position was, like most stocks, artificial. It wasn't based on anything internal from Verizon. It was solely based on a mention and FOMO driving the stock bullish.