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What Type of Option Buyer Primarily Focuses on OTM Options?

The type of option buyer who primarily focuses on Out-The-Money (OTM) options is the speculator. OTM options offer the highest leverage and the lowest cost, providing a high-risk, high-reward way to bet on a significant price move in the underlying asset.

What Is the Risk Associated with High Leverage Commonly Used in Perpetual Swap Trading?
Why Might a Speculator Prefer OTM Options over ITM Options?
How Does the Concept of “Effective Leverage” Differ from Stated Leverage?
What Is ‘Effective Leverage’ and Why Might It Differ from the Platform’s Stated Leverage?