Besides your comparison isn't even fair...
My original argument is that you get a loan to buy heads instead of paying the premium on options. You just compared it without considering exercising costs of 90k.
How about using $116667 (Loan of 16k instead of 16.67% premium) to buy heads?
If i did that compared to your end plan... You are 30k+ ahead of me. so much for the extra risks for a 1/3 bagger.
