Exactly, you are spot on. Leverage you can get either through options on the futures or margin.
A high school kid from Queens wouldn't have the type of collateral and in the amounts required to get that type of leverage. Heck, he wouldn't even pass diligence process for account opening at a prime broker that could provide him with the level of leverage required.
That's why I thought of options as the only way the story could maybe perhaps work. At the core, challenges with options strategies are similar regardless of whether they are credit, equity or commodity options.
A high school kid from Queens wouldn't have the type of collateral and in the amounts required to get that type of leverage. Heck, he wouldn't even pass diligence process for account opening at a prime broker that could provide him with the level of leverage required.
That's why I thought of options as the only way the story could maybe perhaps work. At the core, challenges with options strategies are similar regardless of whether they are credit, equity or commodity options.