I can assure you that if Bitcoin goes to $500k this year, your stack will be smaller than it is today. And you will be left trying to buy back $500k Bitcoins with $200k (or $203.5k if you count the premium).
Yes you can win 9/10 but when you lose, you lose big.
Writing insurance against the Bitcoin price going up in the biggest bull market the world has ever seen is a shitty idea.
Yes, 'if' that happens I might have one less BTC, however, I will still be able to generate an income all the way up and down from it. But, if I don't generate an income in the fashion I am, I will definitely have less BTC then I do now, because I will have to sell more than one to 'lock in profits' and it is unlikely that I am lucky enough to sell at the exact top.
So, basically it is I might have 1 less BTC + plus an income the whole time, vs, I will definitely have one less BTC and a stack of dirty fiat devaluing every day that I use to fund my lifestyle until it runs out.