Take a million dollar bet on 1000 long puts of SQQQ Ultra Short ETF for only $2000 or $5000 at the market.

You control 1,000,000 shares of SQQQ for only $2000 plus commissions.

A one point move by September 18 will pay $1,000,000.

These options are way out of the money so the risk is running out of time by September 18.

CORRECTION

Computation error.

1000 contracts will only enable control 100,000 shares of SQQQ not 1,000,000 for $2,000.

*Purchasing 10,000 contracts will allow control of 1,000,000 shares and net $1,000,000 per point

at a cost of $20,000 not $2,000. 

A safer bet is a long SQQQ Straddle

B 100 Long Sept 18 SQQQ Calls @ 1.55

B 100 Long Sept 18 SQQQ Puts @ 1.50

At SQQQ 4 you'll make $10,000 per point or $40,000

At SQQQ 12 you'll make $10,000 per point or $40,000