Emergency contraceptive pills are very safe to use. Side effects, if they occur at all, are usually short-term and mild. Nausea has been reported in about 18%, or 18 out of 100 women using levonorgestrel emergency contraception. Vomiting may also occur in about 4% of women.
Gambling is a good example of speculative risk. Gambling involves deliberate creation of risk in the expectation of making a gain. There is also the possibility of sustaining a loss. A person betting $500 on the outcome of the next weekend English Premier League Match faces both the possibility of loss and of gain and of no loss, no gain.
Equivalently, there is a $35,000 loss on the time value (non-hedge) component of the options= value, a $30,000 gain on the intrinsic value (hedge) component and a $27,000 loss due to the increase in the fair value of the firm commitment liability.