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Stop Loss - like what you say - if it gaps then what? Then you lose, stop losses aren't guaranteed

Put options are the "insurance" I guess, as you have described it above.

You buy the share and put option whenever market bias is favourable. No set rules that you must buy shares or put option first. E.g. share price falls, jump in and buy, buy the put when underlying is heading up

"Buy the share, buy a put option, sell a call option" - that is a synthetic bull spread - you can achieve that using options alone.

Also by selling the call option you will cap your maximum gain.

Alot of considerations - it is probably best to define exactly what you require.