Brazilian Straddle :

When traders know that they are technically bankrupt, there is a tendency to take a huge speculative position. If price changes favorably they are saved. Otherwise, the outcome was same as before-“doomed”

A trader who uses this strategy is said to hold a “Brazilian Straddle”. It consists of a large market position held against a one way airline ticket to Brazil in the breast pocket. If the market position proves profitable, the trader sells the ticket and comes back to trade tomorrow. If the trader continues to lose, he runs off to Brazil and leaves his clearing member to clean up the resulting mess.