Hi Starcaftsmazter,
Yes the detractors are referring to time premium.
Basically, long options decay, especially fast near expiry, so you need the market to make a sharp move for you upwards for a long call and downwards for a long put. There is nothing at all wrong with trading with them, a lot of advantages actually. You can't lose more than you paid for the option(s). You don't need to fear that the market will gap over your stops as in futures. You can usually retrieve some value in the options if the market isn't going your way, (unless it moves fast in the wrong direction). It's true tha futures are more efficient as they don't decay and don't eat capital.
You can also do spreads with options, allowing you to sell options at the same time to help pay for your long (bought) options. Generally you find this limits your profits as the sold options increase in value as the market goes in the direction of your long options, so when you close the sold options you lose, detracting from the long options' profits.
Stick to your guns, your 300% will soon grow and grow. You just have to be right about direction and speed. Choose markets that MOVE.
R.