Pretty well said, but problem here in crypto market is volume in the options. I barely know only bitmex allowing you with options for Bitcoin and a few cryptocurrencies and these are traded with pretty less volume. Which means even if you think that you have made a wrong choice and you want to exit the whole scenario with a loss you just can't. I hope you know that most people make their fortune using option selling and not buying because decay of time is in your favour. But in crypto these types of option selling is impossible because situations may come when you might even be unable to sell your option at Stop loss. Shorting is a much more safer game when it comes to option.