What are the options for chipped tooth with cavity?

Depends: How deep the cavity is and how large the chip is. It may be as easy as a simple filling, or as complex as root canal therapy and a crown. As the dentist who will be treating you what treatment you need for that tooth.

Many options!: It depends on the size and depth of the "chip". A very small chip can sometimes just be smoothed out. Larger chips may require a filling, onlay, or possibly even a crown. These options also are dependent where on the tooth it has chipped and the amount of stress. My suggestion is seeing your dentist and discussing the options.