Key decisions for trading options are based on several factors, including the following:
The outlook of the underlying security price direction (bullish, bearish, and even neutral)
The time frame (include binary events)
How long you need for the trade to work
If you are buying or selling
Implied volatility
Outlooks on these elements will help a trader select the action (buying or selling), amount of contracts, call or put, expiration, strike, order type (market or limit), and the premium the contract is worth. Another key decision is the exit plan which the trader should consider from the loss side and the profit side.
The underlying security (what is your forecast: bullish or bearish), the trade amount, the number of options, the strike price, the premium, the expiration date, the type of order, and your exit plan.