So is that the answer to everything? If you want more risk, just lever up 4x on the S&P? Why do other stocks even exist?
It probably seems cavalier or maybe dismissive, but yes. If most people want to take on more risk, I'd suggest just levering up SPY. Without an edge buying options is just going to be beta anyway, but costlier and with extra steps. Take away the discretion unless you're provably excellent at it.