Here is a short cut for for you. Call Warren Buffett. He has described options as being nuclear-level destructive. He will explain the ins and outs of options to you.
You mean THAT'S who I've been talking to ALL THIS TIME??? OMG... that explain EVERYTHING!
Mr. Buffet, please come back! I'll swear off options forever!
Oh, wait...
https://ftalphaville-cdn.ft.com/wp-content/uploads/2014/02/What-Type-of-Puts-Did-Buffett-Sell.pdf

