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Buying Calls vs. Buying Puts: Strategies and experiences
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Buy call or buy put?

Buy call = Sell put => bullish
Buy put = Sell call => bearish

So which will I pick if I am bullish or bearish?
Personally I like the idea of getting paid a premium while waiting to buy a stock (sell put) or sell a stock (sell call) when assigned, hence the appeal of selling rather than buying options.

Buying a stock via buy call
1. If a stock has risen far too high outside the price I am prepared to pay, I may contemplate doing a leap call with longer date to expiry so as to give the stock more time to move towards my target range.

Selling a stock via buy put
1. While selling call allows selling stock at a strike price I am prepared to sell, there is no guarantee that the sale will take place as only the buyer of call has the right to exercise. If I think the market is crashing/company is facing headwinds and need assurance that the stock can be sold at the strike price, will buy a put for protection.
2. Under usual circumstance, I am inclined to sell call option to have the stock being called away (aka sell) when buyer exercises call. However, if the stock has dropped drastically, I may consider paying a premium to buy put with longer date to expiry to give stock more time to move up. Selling and rolling call to higher strike n expiry is possible, but the option losses may end up being compounded that it makes sense to pay premium to buy put instead.

Leap options are more expensive, so far I have not traded them. Worth mentioning leaps options are appropriate for long term investors looking to hedge their positions.
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