Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Rangoth
Blackwing Lair Raider
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I play a ton of options and it happens at least once a month to me. Sometimes it’s not a big deal because my options play was such that I would have money anyway. Other times it’s annoying as fuck when I play a spread and when I check my positions I show down like 600k because I was forced to buy my short put position and I still hold the other side of the spread. Still to this day catches me off-guard.
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tugofpeace
Pronouns: zie/zhem/zer
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Kind of random but a year or two ago, I had a covered call for a ticker that expired .02 cents in the money.
Monday, I find out my shares weren't called away. Ticker proceeded to collapse, and I had to take on losses.
Ameritrade didn't care. Scumbag industry all around..
Monday, I find out my shares weren't called away. Ticker proceeded to collapse, and I had to take on losses.
Ameritrade didn't care. Scumbag industry all around..
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Rangoth
Blackwing Lair Raider
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That can happen as well, but more rare obviously. People can call and express a DNE(do not exercise) on options. Only reasons I can imagine are
- Option in ITM but you dont have funds to exercise
- Option is ITM but you paid for more than the difference and for some reason both didn't sell the option and don't want the underlying, perhaps due to 1? So you just take the loss of whatever premium you paid.
Sanrith Descartes
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My guess this coincided with Trump "literally" kicking Zelenskyy out of the White House before lunch was served and basically saying we are done in Ukraine because Z doesn't want peace.