In this article we’ll look into a real options trading strategy, like the strategies that we code for clients. This one however is based on a system from a trading book. As mentioned before, options trading books often contain systems that really work – which can not be said about day trading or forex trading books. The system examined here is indeed able to produce profits. Which is not surprising, since it apparently never loses. But it is also obvious that its author has never backtested it.
Source: Algorithmic Options Trading 3 – The Financial Hacker