I'm having fun with this since some guy on Facebook demanded I admit to him this could not be done.
From the link:
So far this is just an experiment to see if day trading options on very liquid and popular stocks is viable. It is an attempt by going long on either the call or the put or sometimes both during the day to eliminate or at least mitigate the “greeks”, the complexity of fills on strategies like iron condors, and the margin requirements needed to short options.
Obviously, this is not for those with their own trading rooms nor for hedgers, but for day traders with limited funds to trade, it suggests there are simpler ways to play the options game.
For background and the charts:
DAY TRADING STOCKS IN THE "FOOL'S GAME"
And here is a look at the daily ebb and flow of gains and losses from the first $10,000 day trade February 27th: