What is your process to trade options in extreme news cycles with large swings?

With so many potential stocks to trade on volatility and invest in longer term, how do you all think about when to utilize options?

I’ve found myself in this scenario before, and have a rough process that guides me, but how do you work through getting more leverage when wanted?

**Scenario**: you have a list of 5 stocks that you have high conviction on in a specific sector (not cross sectors) that have been well researched. You are trying to figure out which one(s) and how you should go about creating an options trading strategy on and executing that strategy come Monday morning at the market open. What do you do?