I deposited a few hundred dollars into my account to have fun with. I bought a few options, and my strategy so far has been to buy options with 1DTE, which seems pretty standard for what others in this subreddit are doing.
BUT my rule is that the strike has to be less than 1% OTM, so I only pay for the option's extrinsic value. When the underlying is ITM (likely if I buy below 1% OTM), I can sell it for its intrinsic value.
It’s been working so far. I may start depositing more money to have fun with.