I have a questions regarding options vs stocks in a specific scenario.
If i found a stock that i was interested in and it had been in a steady downwards trend and all the reversal signals where there like maybe a morning star pattern confirmed by another strong buying day and my indicators were where i wanted them and everything looked great, instead of taking a position and buying 1000 of the stock in question what if i bought 1 call option contract ATM (or close to it). I wouldn't be expecting to hold the position typically for any longer than say 2 weeks. If i treated it as i would my stock position with my stop loss in place and was prepared to close it out as usall should things not go my way what would be the major downsides that i would need to considor.
How much emphasis would i need to place on the greeks if i was to only be holding a position (unless i decide to excersise it) for a short time before time decay really set in.
I'm sure i am probably missing some very important points and would appreciate any advice.