The risk you professional traders refer to is volatility not risk of ruin. A volatile stock with high drift will be less risky if given enough time. I think you can backtest QQQ vs SPY, DIA with 30 year running windows to see my point.
Let's say your option is in the money at $100 a share and you have the right to exercise but don't want to for whatever reasons and want to exercise a year from now. You sell a 1 yr call above $100 and use the proceed to buy a 1 yr put below $100. Net cost zero and your gains will be bounded by those two strike prices.
Cash-secured put writing/selling/shorting a put with enough cash in your account to purchase the stock if assigned.
Sell enough garbage puts and volatility will become risk of ruin. Speaking for myself,when the market proves me wrong,I am out of time