And for every dollar it goes down, it would perform worse.
Also, I believe in speaking accurately (or at least attempting to). In this light, it's not what direction you "believe" the stock will go that determines the better course of action - it's what direction the stock actually goes (which, of course, no one knows with certainty). So the best course of action is not knowable. It may seem that I am splitting hairs here, but I'm not. Because it's really a matter of probabilities around risk/reward. So, just because you think it's more likely than not to be going up, doesn't imply one should take the higher risk option.
Playing with options is a lot like playing poker - if you don't have a good sense of the odds, you will, over time, get killed. If life were all about making money, and not about living, I would do a lot better to take a lot more and a lot bigger option positions more often. Because I have a proven ability to buy/sell profitable options. But making money is not my primary goal in life. Those who have just become enamored with watching their net worth soar might want to chill out for a while and regroup.
I recommend contemplating this:
Keanu Reeves rarely talks about money — but when he does, it's life-changing