New FANG Contract Gives Investors Another Way To Bet On Amazon’s Success

Visitors to “WallStreetBets,” the Reddit forum where “YOLO” is the war cry are used to making and watching traders take high risk, high reward bets on stock prices. These YOLOers use leverage liberally attempting to make as much money as possible, in the shortest possible time with little thought given to risk management, diversification, and due diligence and now that just got more fun thanks to a new ICE contract. 

Canadian trader F.S. Comeau was one of the forum members. After reportedly losing $2.5 million he bet his last $249,000 against Apple. At the time of the trade, shares were valued around $122, and MarketWatch reported that an increase of just...