Something pointed you to this specific idea. What was it? A broker?
You failed to mention strike, or month, or how much you'd pay... makes me think you have a lot more homework to do regarding option trading dynamics. No offense meant but I would guess that you are not very sure of the risk and reward dynamics of what you would be getting into.
Then Roth's "LEAPS", Then McMillian's "Options as a Stratigic Investment", Then Natenberg's "Option Volatility and Pricing" Then anything by Caplan which focuses on the importance of IV. That should give you a reasonable foundation.
