### Comment:
What exactly is the benefit of purchasing options over just trading the stock?  I don't quite see a difference in buying a call, compared to just purchasing the stock and selling when price increases.

### REPLY:
Leverage.  If you buy a call in XYZ at a $45 strike for $3/share.  If XYZ then goes up to $54 per share, your contract is now worth at least $9/share, for a 200% gain, even though the stock only gained 20%.

### END.