Think of options as a pond. Puts and calls are bobbers that rise and fall with the level of the water - volatility. I am a seasoned pit trader. I have stood back-to-face for 20 years, sharing sweat in different pits around the world. My specialty is options. After all these years, I'm still amazed at the number of investors and speculators in my market who don't have a good handle on what I do for a living. Just ask my wife or my sister. When the subject of careers comes up, they say I don't have one. In my job, it's important to know how money is lost. It took me a while, but it comes down to one thing. Volatility.
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