My amateur options strategy

I normally invest in index funds, but have money set aside for big market drops and potentially option calls after 10%+ market drops. Of course after the recent drop I chickened out and didn’t buy calls. But looking back I would have made out nice. I intended to buy 3 month call options with a strike price 3% above where we were at. Is this a flawed strategy? Also note I’m a firm believer we are not in a bubble and AI is going to drive us much higher over the next 5 years.