Is it possible to start trading options with $100-$200 USD?

Depends on what stratergies you use, but 100-200 is going to be very difficult. You won’t have much to choose from and u won’t have diversification as well.

Ofc you could start with lower cost trades like calendar spreads but again this is difficult because u are limiting yourself to one stratergy and can’t take advantage of different technical set ups.

Great to hear u have been successful with paper trading so far! Not to burst your bubble but I must warn then paper trading options is not accurate. The pricing and filling of positions is a lot more favourable on paper trade.

Technically, you could. But there are big downsides:

1. You'll be trading with a large portion of your account each time, which exposes you to larger risk i.e. higher risk of blowing up your account

2. You'll likely only be able to buy low valued stocks which limits the range of stocks you are able to trade on

3. You will probably only be able to trade on near timeframes, likely weeklies, and probably far OTM to be able to afford it. This is quite risky since you would need a lot of luck to succeed with OTM options on weeklies.

4. If you want to go the option seller route, your choices are still limited, but you could do spreads I guess but point 1 still applies.

I would advise to save up more first before having a go. All the best!