You’ve mastered all the ins-and-outs of the sports stock market, and now you want even more volatility and excitement? Well, you’ve got plenty of options. Literally.
Options Trading
Options create the highest risk/reward opportunity on Mojo. They provide dramatically increased upside, with the chance to lose it all.
Remember, EVERY stock on Mojo had instant liquidity, so you can trade in and out to collect profits or cut losses before the end of the bet.
Each Option has a strike price — a stat that serves as an over/under line. A Call Option is essentially the OVER. Mojo pays $1 per share for every stat ABOVE the strike price. But if the stats at the end of the game equal the strike price or below, Mojo pays $0.
For example:
DONOVAN MITCHELL • 35 Points • Call Option • $0.50 share price
On a $100 bet. (200 shares):
Each Option has a strike price — a stat that serves as an over/under line. A Put Option is essentially the UNDER. Mojo pays $1 per share for every stat BELOW the strike price. But if the stats at the end of the game equal the strike price or higher, Mojo pays $0.
For example:
JOEL EMBIID • 20 Points • Put Option • $0.50 share price
On a $100 bet (200 shares):