SOS Limited
Long

$60,000 Explosion Big Short movie setup

1 363
In the movie, the big short Charlie Geller and Jamie Shipley took trades with options out of the money with low probability.
This is an example of such trade, 100 options contract worth $6000 if SOS will run up again, this trade could make $60,000.

If the price will move to $21, this trade could make $120,000
This also shows that options are leveraged, if you would like to buy the shares you would need to pay $39,000 for 10,000 shares.
In this trade, the max loss is $6000, when buying the stocks the max loss is $39,000

How will it end? What do you say?

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