He asked why you would take the bigger risk in an OW than a call/put.
By that, it looks like he's saying if he plays a $5 call and it cashes out a $0, he loses his $5.
If he plays the OW at $160 and it opens at $110, he loses $50.
Hence him saying why take the risk......so you kinda look like you're correcting me by replying to me and my answer to why take the risk fits his question better (take the risk of loss if you want more money in the particular movie).
Also disagree w/your assessment....an OW can be better or worse than holding cash depending on its pricing/when you get it/liquidity of assets w/relation to port/etc and most of all how you hold it b4 halt. OWs and stocks play the same w/the only difference being 22 hours of liquidity, their pricing and 1% commision if you don't hold a stock till cash out.