Not really although you can use them in so many different ways. Here’s how I’ve used them, it’s been years since I’ve traded options because I’m heavily restricted at work, but in the past I’ve used these simple strategies.

Also first keep in mind that you don’t have to exercise an option that’s in the money (meaning profitable) you can just sell it.

Many times I owned a stock and just wanted to play swings without buying and selling it so:

Buy a call: I own ACME and it’s at $10 so I think it’s going to go up. I buy a call option that expires in a month or so with a strike price of 10 or 10.25. Then if it goes up to 12 I sell that option. I didn’t really want the shares so i did not exercise the option, just sold it for the profit.

Buy a put. I own ACME and I though it was going to dip. So it’s $15 and I buy a put option at a strike price of $15 or $14.50. If it drops then I sell that put. I want to keep my shares so I don’t exercise.

Selling them is opposite. When I bought calls I was betting it was going to go up. So sometimes I’d think that ACME was going to go down so I wrote and sold a call option. It’s at $10 so I sell a call and it goes down, that person that bought that call option with a strike around $10 is now holding a worthless contract since it’s now at $8. Why exercise and buy from me when it’s cheaper on the market? I pocket the money from selling the contract and it expires worthless. And if it did go up, well I still made profit on my shares just not as much as I could have.

Sell a put, I think it’ll go up so like the call sell I write the contract and take the money and it expires worthless. Why sell to me when you can sell to the market same price?

Very simplified and it gets deeper than that. Look up option strategies, like straddles.