Everyone trades differently but one thing that is usually helpful for options is to find an underlying ticker that has high volatility and can be predicted rather easily.
You want to look for events that will make a stock shift price either up or down. With options you don't need to know whether the stock will go up or down per se, you just need price movement. YOU CAN TAKE AN OPTIONS POSITION WHERE YOU MAKE MONEY EITHER WAY!
Some people like to look for earnings reports to come out. This usually kicks the underlying around a bit and a straddle can bank you a nice chunk, so looking at the earnings is great strategy ~ if they had a loss and are bad you make money and conversly, if the earnings are higher than expected you make money. So long as you position yourself correctly.
Overbought conditions can be a sign of reversal. It's easier to predict the movement when some type of event occurs though.
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