When you buy an option, its like paying a small price to save your spot in line.
But you can also think of it as an insurance policy that is mis-priced.
As a stock moves up through resistance,, its like a coiled spring of buying energy from traders. You have to use your instincts on how fast a stock will hit a reasonable target.. if you are watching it in real time with volume,, you can usually buy CALLS within 1 or 2 strikes of your target. You don't need the stock to hit the target exactly,, you are playing the sudden buyers interest.
When you are shopping for PUTS,, YOU WANT TO stay within 1-2 strikes of the lower option that allow shareholders to exit at a higher price. Think of this as car insurance,, you want to have your $44 car fully covered in the event of a crash.
This was $112 turned into $8000, but I sold at +$5000 cuz I was on my way out the door
This is what is called a trophy win, I did the unthinkable,, I bet against Warren Buffet - I was likely the only trader to do so.