I still don't see the point.
Who specifically will opt for buying options and in what situation?
We can limit risk and leverage without options.
I tried learning about it by going through Bybit's course during COVID-19 lockdowns. Personally, for me it's useless because I'm a mere pleb with a small amount capital for gambling. It would be laughable but shitcoinery with Runes or BRC-20 might be more suitable for a pleb. The Options market is a kind of casino that is reserved for sophisticated whales with a large amount of capital to deploy.
It seems like you can't talk about options without people having binary options in mind. [b)I don't think real options are more of a gamble than any other trade[/b].
Binary Options actually IS the casino game, and it's probably negative-sum because the pay out is less than 50/50 for a 50/50 "bet", like regular dice games. Real Options is more sophisticated and require strategy,
https://www.investopedia.com/trading/options-strategies/If a regular Hi-Lo Dice game is comparable to Binary Options, then Regular Options is comparable to Craps, a dice game that requires some strategy.