system
A chat on subreddit /r/wallstreetbets
human
No, just the 1.8k at risk here.  I bought call option. It’s basically making a bet that between the time I bought them (Wednesday) and the time they expired (Friday), that the stock price would be above $10 (or markets prediction of the stock price would be above $10 at any time before the expiration date).

If the stock closed below $10, these would expire worthless and you lose what you paid for them. You can also sell them before expiry and the price will again be based on the markets projected possibility of the stock price being above the strike price ($10) at expiry.

Snap was at about 9.60 when I bought on Wednesday.
gpt
Honestly this is easily the most informative and best reply I’ve gotten in any stock related sub. Thank you!