just realize everything has a cost of carry... and doing ratio backspreads in the options on futures is a good bet.. or just buy super way otm wings... There is a cost to any leverage.. and wing way otm options are never priced out.. tons of noise way out on the wings.. just think about this example.. say you have 10,000 to invest in futures.. instead you buy way otm put options for .05 to .50 cents a contract and when they expire worthless you go out to the next set of futures and buy more otm puts.. this sounds crazy but the amount of leverage you get is insane.. If your super super super confident in your predictions this will give you the very biggest bang for your buck.. futures can go down alot and you don't make near the amount of money and they can swing violently around and through a margin call throw you out of the trade. .. with a small continual investment in otm puts you could say buy 300 to 400 dollars worth of .05 to .50 cent otm puts that could turn that amount of money 300 bucks .05 cents = 5 dollars each contract.. 60 contracts.. say we have a tail event.. and they go into the money 10 to 30 dollars.. 20 dollars per option x 60 contracts = 120,000 you can do the math with .50 cent options 50 bucks per contract.. 6 contracts.. 10 itm x 6 contracts = 6000 figure out a time frame.. . say 6 months or 2 years .. divide your captial up and start to bleed.. buying penny options can turn you into a millionaire if done right.. especially in a tail event..