So 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.
Introducing:
Options create the highest risk/reward opportunity on Mojo, with dramatically increased upside — paired with the chance to lose it all.
Each Option has a strike price, which serves as an over/under line, and Options pay out based on how high or low the stats go.
A Call Option is essentially taking 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):
A Put Option is essentially taking 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):