It doesn't work like this. The stock might fall around $10-$20 every month in the worst case scenario. In which case the premium of $180 will keep rising every week, 90% of which will expire worthless.
You have to buy really farther out or really far off strike both of which have nearly zero probability ( delta is nearly zero and less than 1)
You have to buy really farther out or really far off strike both of which have nearly zero probability ( delta is nearly zero and less than 1)