Leverage in Options and the seemingly unlimited credit In 2022, Warner Brothers released the movie Elvis, which explores the complex and sometimes contentious relationship between the King of Rock and Roll, Elvis Presley, and his longtime manager, Colonel Tom Parker, played by Hollywood icon Tom Hanks. As portrayed in the movie, Parker, a compulsive gambler, raked up huge gambling debts and the casino executives called in these debts to pressure Parker to get Presley into an exclusive residency deal. Parker did get Presley a lucrative contract, but the performance schedule was so demanding that it left Presley mentally and physically exhausted. To keep Presley on stage, Parker enlisted the services of an ethically questionable doctor who prescribed Presley prescription drugs, to which Presley eventually became addicted. Unbeknownst to Presley, Parker negotiated a side agreement with the casino where his gambling debts were forgiven, and Parker got unlimited credit as long as Presley continued performing ...