: Substantial risk if the stock price tanks, as you are obligated to buy the stock at the strike price.
: Profit from the stock staying the same, rising, or only dropping slightly. Income : You receive a premium upfront.
Buying calls has a because the stock must move up enough to cover both the strike price and the premium paid.
is often preferred when Implied Volatility (IV) is high , as you receive more premium for the risk.