Definitely reading that book next. I used to daytrade, now I just trade options casually in the way you just described. Making bets that have high reward with limited risk. It's the best thing about options. May times I do debit spreads to lower my cost, though it caps the potential return as long as I'm getting 5 to 1 or better on the play I'm content.
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Maybe we will luck out and they'll move the stock market to a decentralized exchange before long (next 10-15 year time frame anyway). Depending on who you trade with those fees can kill you. I've probably spend $3,000 in fees since I started trading a decade ago.
I entertain myself imagining that if Vericoin (my largest crypto gamble) went to a $10 billion market cap like Bitcoin is.. I'd have about $40 mil lol. I'm crossing my fingers and continuing to research various block chain ventures. Never had more fun.