Options are a derivative on a derivative, which means the Leverage can be explosive.
However, if used properly, they are the ultimate risk mitigation tool, while also allowing you to place low cost bets on a outsized event, with incredible payouts.
If you are new to trading futures and options, please heed this advice.
Never, ever, outright sell an option as your risk is infinite while your reward is limited to the sale price of the option.
This is the total inverse to a winning betting strategy that is required to be a consistent and profitable trader.