the only problem is that you wish for that kind of swing but what really happens is that you start at $10100 price then it only goes down to $9600 then comes back up to $10200 and jumps up and down in that area before it shoots back up again to $12k,.... prices.

all the while that you would be waiting and hoping to make a profit from a scenario that is highly unlikely and losing money for it, others (the day traders doing the normal routine) are making profit from each up and down inside that channel!
and that's what stopping people from "options trading".