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4dhokies

Joined: 10/07/1999 Posts: 3763
Likes: 712

What's this?

I think he had a spread expire, with one of the ends executing first.


If he had waited for the dust to settle he would have been okay. I've seen this kind of thing before, and I will say it does make your heart drop.

(now the most I'll do with options is sell a covered call, would much rather be on that end of the trade)

(In response to this post by soflahokie)

Posted: 06/19/2020 at 2:15PM


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Current Thread:
 
  Guy commits suicide after seeing false negative 730k balance in trading app -- HokieDan95 06/19/2020 11:15AM
  Something else going on. There's more to this story ** -- typed by ben 06/19/2020 1:58PM
  Might just have been the straw the broke the camel's back ** -- HokieDan95 06/19/2020 2:01PM
  Yeah this didn't help, you don't throw yourself in front of a train -- typed by ben 06/19/2020 2:15PM
  Don't speculate. -- vtbones 06/19/2020 2:31PM
  Agitprop by Thinkorswim ** -- typed by ben 06/19/2020 2:35PM
  "it's ProPogaNdA". -- vtbones 06/19/2020 2:57PM
  Darwin strikes again ** -- fordham 06/19/2020 12:42PM
  Hard to believe a 20 year old didn't realize that was impossible -- soflahokie 06/19/2020 11:42AM
  Unfortunate but the guy had no idea what he was doing ** -- Technocrat 06/19/2020 11:29AM
  Robinhood is not really used for investing, but "betting" on stocks ** -- HokieForever 06/19/2020 11:28AM
  How do you get a negative balance on investments, though?? -- Nova Hokie 95 06/19/2020 11:21AM
  He was probably short selling. ** -- RoswellGAHokie 06/19/2020 11:30AM
  You can if you're trading on margin. ** -- Hokie360 06/19/2020 11:25AM
  My question as well ** -- HokieDan95 06/19/2020 11:24AM
  Not when you trade options on margin. ** -- vtbones 06/19/2020 11:24AM
  Wouldn't that mean he had over $730,000 to begin with?.. -- Hubman 06/19/2020 11:27AM
  Margin is borrowing money. And no I don't think you do. -- vtbones 06/19/2020 11:35AM
  You are probably right, he wasn't options trading -- HokieForever 06/19/2020 11:32AM
  No he was ** -- Synaesthesia 06/19/2020 11:39AM
  Wow, looks like he was -- Nova Hokie 95 06/19/2020 11:36AM
  Wow, interesting ** -- HokieForever 06/19/2020 11:46AM
  A 20 year old with limited investing experience -- GreenvilleVT 06/19/2020 11:52AM
  ^^^ This options and margin trading, check out wallstreetbets on reddit** -- HokieForever 06/19/2020 11:26AM
  I would have called customer service first, but that's just me..... ** -- Hubman 06/19/2020 11:20AM
  ...it’s only money ** -- chumley 06/19/2020 11:30AM
  Talk about jumping to conclusions and not investigating. So sad. ** -- coshokie 06/19/2020 11:20AM

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