Are Options Directional Bets?

Ask most traders, and they'll say options are directional bets. If you think the stock is rising, buy calls. If you think it's falling, buy puts. But options aren't directional bets--they're tail bets. What does that mean, and why is it important? Please join my Facebook group at this link:   / 290679008073523   And you can find my podcast from Market Rebellion at this link:    • Thinking In Options with Bill Johnson