### Comment:
If the contract expires out of the money you only pay the premium, so the $130 in your example. People buy many contracts, so that's the money you see them losing.

### REPLY:
Oh okay thanks. That sounds better. I heard premium but I wasn’t sure if that was what you pay for the right to buy them at a certain strike price and you could end up losing a lot more. I’m okay with losing a few grand atm, I just wanted to be sure

### END.