***TLDR:*** *Currently paper-trading CCs and CSPs. Not sure if I should learn directional bets and start trading them. Comfortable losing $500-$700 p/m to fund this once I move to live trading.*
**Context**
I have been paper-trading options for the last three months and I feel comfortable with low-risk income generating strategies. I would now like to understand if directional bets are worth learning and executing (buying calls and puts).
**Background info**
* I am a high earner, but not rich. Looking for additional income (Extra $10-20$k per year).
* I am a long-term stock investor (5yo).
* Currently paper-trading $NFLX covered calls and & cash-secured puts only.
* I'll start trading live when I feel comfortable enough with options.
**Context**
* CC and CSP are evidently great for generating consistent income (2-5% per month), but I am young, so I'd like to take a risk and start making a directional bets.
* I am drafting a long-term bull case for $NFLX as I believe it will well exceed $100 within 3 months or by YOE, depending on market conditions.
* I am comfortable losing about $500-$700 p/m to fund these bets once I move to live trading.
**Question**
* Are directional bets too much like gambling? Is it even worth the money? I'm not sure if I should just buy more $NFLX stock instead.
Thanks!