[thewataccount]

Over simplified, otherwise it's too complex for this explanation, if you're trading please don't use my explanation -

Buying either cash-secured Puts or Calls are not subject to margin-calls like shorts/long shares are.

So if the price goes up too high before it comes crashing down, your broker might force you to liquidate your position, leaving you with max loses, and no profit from the following crash.

Because puts or calls do not rely on margin and you get to choose if you execute them, so they are more resistant to massive spikes in either direction.

tldr - Purchased options are not subject to margin calls like shorts

edit: removed mentions of selling options and IV - they're too complex for this quick explanation