The leverage for example, might make your put options move 10 to 1 compared to the stock price but that won't change the percentage difference between your bid and ask for the options.

Am I thinking right with this example?:

Say that I could buy one share of a large volume stock trading with a bid/ask of $9.99/10.00 for a purchase price of $10.01. I lose just 1¢ for the spread. I have a target of $10.30 and a stop of $9.71. For simplicity, let's say there's a 50/50 chance it can go either way. If it hits my target, I stand to gain 30¢ or about a 3% profit. If I lose, and it hits my stop, I stand to lose 30¢, for about a 3% loss.

Now if I could buy an option that for simplicity sake, moves with 10 X leverage. The option bid ask would be $1/1.20. I would buy one option at $1.20. If the stock moved as before up by 3%, the option would move 10 X 3% = 30% to a bid/ask of $1.30/1.55. I could sell the option at $1.30 for a 10¢ profit. If the stock moves down 3%, the option bid/ask moves down 30% to $0.70/0.84. I would sell at $0.70 for a loss of 50¢. So the way I see it, I'm taking a chance of losing 50¢ in the hopes of just 50% of the time that I gain 10¢.