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slayer1am t1_j2ahfsb wrote

You've left out the safest method of trading options: selling them.

You sell a put, and you get paid no matter if it goes up or down or sideways. The only difference is whether you have to buy the shares or not, and even if you do, it will be shares you wanted anyway.

Let's say your put expires in the money, and you buy the shares. Now you sell a call option out the money, and get paid to hold the shares. If the price goes up, you sell the shares above your cost, if it goes down, you keep the premium.

Come over to /r/thetagang and learn the better way to play options.