Many traders consider options and warrants to be long term trading markets (i.e. swing and position trading), but options and warrants can also be traded short term (i.e. day trading). Trading options short term is not dramatically different from trading any other market (e.g. futures, individual stocks, etc.), but there are a couple of options specifics that need to be taken into account.
My short term options trading article provides a discussion of short term options trading, and explains how various options and warrants trades can be used to make various underlying trades. Trading options and warrants short term is most suitable for stock index and individual stock traders, so even if you are not usually an options trader, trading options short term could be a useful addition to your trading.
Having Traded Stocks and options for more than 10 years now I would like to warn people:
1. You can get addicted to it (it can be like a drug)
2. People new to trading should start day trading stocks and only then move to options.
The leverage can lose you alot of money very fast. I mean it.
3. Follow one trading system only and stick to it. Many traders try one system – they lose money. Then they try the next, lose again and so on.
4. Stop looking for the holy grail (the perfect system). It does not exist. Try to make the most out of one trading system you can.