TOTA method :- holding options and then praying market to move in that direction , trade after trade after trade after trade same story , sometimes hit sometimes miss , life sud be tension free , isnt it ? there must be some low risk low reward ways to generate money.
Most believe that one cannot make money by buying options and only option sellers make money. This is a myth. For knowing how to make money by buying options, read Options Advisor by Bernie Shaeffers. The whole book is written from point of view of options buying where as most books deal more in details with options greeks, volatility, decay etc. He has given some very good methods of deciding when to buy options.