There are many strategies that can be applied to trading Options. The most simple kind is to buy Calls or Puts.
Buying Calls means to go pro market. In other words if the stock goes higher in price then it makes a profit.
Buying Puts is the opposite. If the stock drops in price then the option makes a profit.
Options are the riskiest investments, however it has a huge potential to make profit. For example, if $2,500 is invested, it is easily possible to make $10,000 with it within a day!