[cthor]

You can short without tail risk, e.g. buying puts.

[dist-epoch]

A put is not a short replacement.

Buying puts is more about longing volatility.

[fooker]

You can simulate a short with multiple options.

https://www.optionseducation.org/strategies/all-strategies/s...

This is not quite all the way there, but close enough. Basically, you do something analogous to 1 = 1/2 + 1/4 + 1/8 + ...

[jgalt212]

In theory, yes. But when you include hedging costs and taxes, the link becomes less direct. The cleanest way to get long volatility is by purchasing ATM straddles.

https://www.investopedia.com/terms/s/straddle.asp

[fny]

No. A long strangle is a way to long volatility.

With a put, you primarily pay for directionality with hedged upside risk: you don't lose your house if the stock moons. While it's true volatility is a component, that's a side effect of the hedging since your counter party takes on volatility risk.