As you continue to mentor yourself, you will no doubt become aware that there are other ways to use options, indeed other instruments besides stocks and ETF's to consider. And it is true, options are so versatile that there are many other techniques that are used to generate income. The following links will introduce you to some of these strategies. I include them here as a jumping off point for your continued education and income-harnessing potential.
I would recommend that you do not jump into these right away if you are new to options. Take some time to make some profitable cash-secured put trades and a few successful covered calls. But, by no means stop learning. Some of these advanced options trading techniques may resonate with your style and personality to such a degree that they become your number one money maker!
Also, keep in mind that most of these techniques can be riskier than the simple ones highlighted elsewhere on this site. Some of these will require you to establish margin privileges with your online options broker. You should consider these strategies after you are successful with the simpler ones. And please paper-trade them to start.
Nonetheless, adding some of these advanced options trading techniques to your income-producing arsenal can be quite lucrative. Depending on your financial situation, personal goals and trading acumen, one or more of these may become your principal rout to an additional income stream.
As you can now appreciate, options are very versatile, and you can design a program that fits you like a glove.