It's been a rough journey, losing a couple grand while learning options but I think I've found the strategy which works for me. \*Not financial advice\*
Anyway, I deposited £60 into RH last week. I started off with one contract for a $145 NVS PUT last week and made a beautiful 2000% on it. It was a wonderful sight!
Proceeded to scalp SPX calls and puts a few times and then this morning scalped META calls for a total of about £1500 profit. All from a £60 account! I have lost small amounts on some other options and I have a couple of options expiring next week, but swings and roundabouts eh!
My strategy is simply scalping. Set my limit orders based on average option prices (for example META $650 calls when priced at $0.85). I then immediately set a sell order for "reasonable" profit (usually 10 to 20 cents above my contract price). I'm more than happy to make $100 - $200 per trade.
I'm aiming for volatile movers because I can get in and out. I'm also aiming to build the account up to a point where I can comfortably make a few hundred a day without risking blowing the account. I do need to improve in terms of discipline though. Twice I said today I was done, then took another quick scalp.
Anyway, happy days. Hopefully I don't blow it now I have some decent money in there (no I'm not rich).