>options trading >stock already liquidated, still owe more, got pic related email Help a bro out what do /biz? at my wits end here

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Anonymous Sat Jul 13 22:29:37 2019 No.14771418 [Reply] [Original]

>options trading
>stock already liquidated, still owe more, got pic related email
Help a bro out what do /biz?
at my wits end here

>>	Anonymous Sat Jul 13 22:30:48 2019 No.14771433 >>14771418 Get fucked for not setting a stoploss

>>	Anonymous Sat Jul 13 22:31:14 2019 No.14771441 >>14771418 What's up, Pete :)

>>	Anonymous Sat Jul 13 22:32:53 2019 No.14771453 >>14771418 Jesus christ Pete ya dun buggered yerself

>>	Anonymous Sat Jul 13 22:34:54 2019 No.14771467 leave the country

>>	Anonymous Sat Jul 13 22:35:27 2019 No.14771473 >>14771418 does margin call have a limit? I thought they automatically closed the position if you cant maintain the margin?

>>	Anonymous Sat Jul 13 22:36:40 2019 No.14771489 >>14771418 >selling uncovered options well done OP, you're a retard

>>	Anonymous Sat Jul 13 22:37:20 2019 No.14771497 >>14771489 come on man be nice

>>	Anonymous Sat Jul 13 22:38:05 2019 No.14771504 >>14771418 >$108914.17 Fat Lady Singing at you OP

>>	Anonymous Sat Jul 13 22:45:20 2019 No.14771610 idk what to do, i've been looking up bankruptcy lawyers since friday night and havn't heard anything because they open monday

Anonymous Sat Jul 13 22:45:55 2019 No.14771623

>>14771497
lol i dunno what to tell you man. it doesn't work like bitmex, you have to pay them back. if you think there's a chance your options will expire worthless then I guess take it. but the longer you hold those options the more exposed you get.

If you're short naked calls, buy the damn stock, now

if you're short naked puts, then either eat it and close the positions, or let it ride and hope for the best.

Either way you're going to have to free up some capital if this doesn't rebound before your margin call is due.

>>	Anonymous Sat Jul 13 22:46:23 2019 No.14771628 >>14771473 I thought so too

>>	Anonymous Sat Jul 13 22:47:27 2019 No.14771644 >>14771623 They already closed the position but i owe more

>>	Anonymous Sat Jul 13 22:47:33 2019 No.14771648 >>14771418 Peter what have you done lad

>>	Anonymous Sat Jul 13 22:47:49 2019 No.14771655 >>14771610 so you literally don't have enough capital to cover your sales? how did you get options approval?

>>	Anonymous Sat Jul 13 22:50:28 2019 No.14771677 >>14771644 yeah, bankruptcy is probably your best option. margin loans are not low interest rate. you owe the equivalent of a small house at a the interest rate of a personal loan with no underlying collateral.

>>	Anonymous Sat Jul 13 22:51:05 2019 No.14771680 >>14771418 whats the stock in question, where is your liquidation price (if any) where is your margin call price? And where is your break even price?

>>	Anonymous Sat Jul 13 22:51:09 2019 No.14771681 Fake and gay no way Robinhood would allow this

>>	Anonymous Sat Jul 13 22:52:39 2019 No.14771700 >>14771655 i filled out the form saying i had 10 years options experience and i had enough cash before this happened

>>	Anonymous Sat Jul 13 22:52:59 2019 No.14771703 >>14771681 They're brokers. Brokers are scum. They will fuck you sideways and over.

>>	Anonymous Sat Jul 13 22:54:38 2019 No.14771716 >>14771700 And now you have $0 cash? Shit man 108k would restart my life right now lol sorry Pete

>>	Anonymous Sat Jul 13 22:55:34 2019 No.14771723 >>14771716 so there's nothing i can do???

>>	Anonymous Sat Jul 13 22:55:53 2019 No.14771727 >>14771418 >Help a bro out what do /biz? Pay them $108k like you owe, you nigger.

>>	Anonymous Sat Jul 13 22:56:35 2019 No.14771735 >>14771723 You are absolutely fucked, sorry.

>>	Anonymous Sat Jul 13 22:56:52 2019 No.14771739 >>14771723 Not really, unless you want to take a loan out to add to your margin and pray it goes your way. What motivated you to take such a trade?

>>	Anonymous Sat Jul 13 22:56:52 2019 No.14771741 >>14771700 Have fun getting indicted for fraud lmaooooo

>>	Anonymous Sat Jul 13 22:56:54 2019 No.14771742 >>14771723 flee the country and live in some 3rd world shithole

Anonymous Sat Jul 13 23:00:13 2019 No.14771797

>>14771723
dude options are CONTRACTS, when you sell the contract you take on the legal liability of fulfilling the terms. you can't weasel out of it unless you can prove that someone else was acting on your account without your consent; which is fraud if you're lying.

>>	Anonymous Sat Jul 13 23:01:17 2019 No.14771813 >>14771628 wait a minute did u sell options?

Anonymous Sat Jul 13 23:01:25 2019 No.14771815

Guys I work at rite aid in upstate ny fo $9.60 an hour it'll take me a gagillion hours before i can pay that money back after rent
I'm writing to my congressman right now and am also working on a letter to robinhood but i plan on calling them first thing on monday because this is ridiculous i don't have $100k in cash lying around if i did i'd buy a boat but this is ridiculous

>>	Anonymous Sat Jul 13 23:03:07 2019 No.14771838 >>14771797 He could sue robinhood for targeting amateur brainlets. Those "robinhood general" threads would go down great kek. But, of course, none of this actually happened so it doesn't matter.

Anonymous Sat Jul 13 23:03:46 2019 No.14771845

>>14771815
Options are insanely volatile pete. If someone can make hundreds of thousands buying 200$ worth of calls on Disney then I suppose you can lose the same amount on your lunch money when it goes against you.

You didn't have a stoploss set? What were you thinking when you took this trade?
How much was your initial margin for the trade anyway?

Anonymous Sat Jul 13 23:04:00 2019 No.14771847

>>14771815
You're a fucking retard, Pete. I hope you're larping, why would you do something so massive like this, you obviously have no experience in it. I suggest fleeing the country asap. You didnt do your research and now you deservedly will get anally raped for it, there is no way around this

>>	Anonymous Sat Jul 13 23:04:51 2019 No.14771855 File: 26 KB, 453x72, Capture.png [View same] [iqdb] [saucenao] [google] >>14771418 Dude, all you have to do is click "unsubscribe".

>>	Anonymous Sat Jul 13 23:04:57 2019 No.14771856 >>14771418 post a funny pink wojak!

>>	Anonymous Sat Jul 13 23:05:42 2019 No.14771859 unironically poor pete

>>	Anonymous Sat Jul 13 23:06:14 2019 No.14771862 >>14771855 idk if legit but i unsubscribed and ditched my phone (I'm on my roomates laptop rn)

Anonymous Sat Jul 13 23:07:23 2019 No.14771878

>>14771838
yeah i was just thinking that this was probably larp. had this one guy, retired boxer, went all in on AAPL on margin at the previous top. was getting margin calls every other day lol. ended up losing like 2-5 million in equity before it started rebounding. would've saved him alot of money if he just took the initial hit.

>>	Anonymous Sat Jul 13 23:07:32 2019 No.14771879 >>14771862 You're a real character, Pete. Lmao

>>	Anonymous Sat Jul 13 23:10:16 2019 No.14771909 >>14771815 Dude, you should buy a boat regardless. Boats are badass.

>>	Anonymous Sat Jul 13 23:11:04 2019 No.14771918 >>14771862 So when you signed up did you use your real name and info?

>>	Anonymous Sat Jul 13 23:11:28 2019 No.14771924 >>14771879 What's the worst that can happen now?? I mean i don't have anymore money and the only asset i have is a 2003 honda civic plus a galaxy express smartphone

>>	Anonymous Sat Jul 13 23:11:59 2019 No.14771932 >>14771918 Even if he used an alias I'm sure he hooked up his real bank account

>>	Anonymous Sat Jul 13 23:12:06 2019 No.14771935 hahahahahaha op dun goofed

>>	Anonymous Sat Jul 13 23:12:29 2019 No.14771946 >>14771918 i moved once but i used my real name

>>	Anonymous Sat Jul 13 23:13:00 2019 No.14771952 >>14771924 This has to be a LARP, please tell me this is a LARP

>>	Anonymous Sat Jul 13 23:14:06 2019 No.14771966 >>14771924 Wage garnishment, possible prison for fraud. Your probably gonna have to file for bankruptcy man

>>	Anonymous Sat Jul 13 23:14:26 2019 No.14771968 >>14771924 Tell me what stock you got rekt on, what your initial margin was and what your entry was or else this is a LARP.

>>	Anonymous Sat Jul 13 23:15:11 2019 No.14771976 >>14771946 They got you

>>	Anonymous Sat Jul 13 23:15:20 2019 No.14771981 >>14771924 the worst thing that could happen now is paying back $100k on a 8-15% interest rate while making what's probably minimum wage.

>>	Anonymous Sat Jul 13 23:16:23 2019 No.14772000 You have to admit they make it easy for people to rekt themselves.

>>	Anonymous Sat Jul 13 23:17:15 2019 No.14772010 >>14771981 Damn that's some shit straight out of Kaiji

>>	Anonymous Sat Jul 13 23:18:25 2019 No.14772025 >>14772010 OP gonna get a visit from the robinhood loan sharks and be sent to a work camp.

>>	Anonymous Sat Jul 13 23:18:32 2019 No.14772028 dumb larp

Anonymous Sat Jul 13 23:19:14 2019 No.14772036

guys i'm not playing anymore here's what I'm gonna do:
I'm gonna call the lawyer (and robinhood) as soon as they open (9am monday morning) and explain everything that's happened.
I'm gonna have all my information ready and am going to try(?) to file for bankruptcy
maybe it won't be so bad or maybe robinhood will set me up with a payment plan over a couple of years but we'll see what happens
I seriously feel bad for what happened but I can assure everyone and I MEAN EVERYONE that I will never touch stock options ever and I mean EVER again!

>>	Anonymous Sat Jul 13 23:19:58 2019 No.14772045 Debtors prison.

>>	Anonymous Sat Jul 13 23:20:12 2019 No.14772048 >>14771418 Delete your Robinhood account and make a new one to start over at $0.

>>	Anonymous Sat Jul 13 23:20:18 2019 No.14772051 >>14772036 Tell me what trade you did bro???????

>>	Anonymous Sat Jul 13 23:21:57 2019 No.14772076 >>14772036 >actually calling them they're gonna fuck you in the ass even harder

>>	Anonymous Sat Jul 13 23:22:09 2019 No.14772079 >>14772036 dude don't even bother with a payment plan. noone is going to lend to you with that debt anyways, might as well just go bankrupt.

>>	Anonymous Sat Jul 13 23:22:26 2019 No.14772082 >>14771878 There is a bug on robinhood where the trades update with a delay or something, so sometimes it shows negative before the liquidation gets recorded.

>>	Anonymous Sat Jul 13 23:23:43 2019 No.14772094 >>14772036 get a loan or five (while its still possible), open a few new accounts and double/treble down faggot. After all, you an experienced trader now

>>	Anonymous Sat Jul 13 23:24:10 2019 No.14772098 >>14772036 Funny part is that rh wont even take a loss, they will sell the debt to some rando debt collector for $50k (which is still profit for them) and your stuck with the bill

>>	Anonymous Sat Jul 13 23:24:27 2019 No.14772102 >>14772036 why are you spending so much time on this larp? dont u have anything better to do with your life? anyone with an IQ above 80 can google image search OP and clearly see that's it from an old post from plebbit and not from OP...

>>	Anonymous Sat Jul 13 23:25:07 2019 No.14772115 Stop signing into the acct. Do not call them. Continue your wagie life. When they come to collect the money say it wasn't you. Blame it on stolen identity or roommate. Never own up to it, never.

Anonymous Sat Jul 13 23:25:38 2019 No.14772122

>>14772051
i feel bad enough as it is man i don't want to suck anyone else into this
all I know is i wrote something on some things I thought weren't going to rise a while back and now I'm apparently screwed
I don't even remember what it was, I'd tell you but robinhood wont even let me login anymore b/c this is bullshit

>>	Anonymous Sat Jul 13 23:26:58 2019 No.14772138 >>14772102 Observe that they will continue offering advice even after you've pointed this out.

>>	Anonymous Sat Jul 13 23:27:42 2019 No.14772153 >>14772122 Ok well it sounds like you dont have any money or assets anyway. So just go talk to a lawyer monday. You will be ok

>>	Anonymous Sat Jul 13 23:28:13 2019 No.14772164 >>14772102 aww damn. oh well, most interesting thread on biz today regardless.

>>	Anonymous Sat Jul 13 23:28:55 2019 No.14772173 File: 84 KB, 179x282, 1560394094906.png [View same] [iqdb] [saucenao] [google] >falling for the larp go back to wsb you retard

>>	Anonymous Sat Jul 13 23:29:03 2019 No.14772178 >>14772153 thanks man i plan on doing that and soon this will hopefully be all behind us what an expensive lesson that was!

>>	Anonymous Sat Jul 13 23:58:44 2019 No.14772474 >>14772178 Nice LARP FOUND THE ORIGINAL POST FROM REDDIT HERE: https://www.reddit.com/r/wallstreetbets/comments/bjhefo/waking_up_to_cute_texts/

>>	Anonymous Sat Jul 13 23:59:57 2019 No.14772486 File: 153 KB, 828x1792, Peter.jpg [View same] [iqdb] [saucenao] [google] ALSO the guy managed to answer the call Post: https://www.reddit.com/r/wallstreetbets/comments/bjtp70/update_funding_secured/

>>	Anonymous Sun Jul 14 00:12:18 2019 No.14772606 >>14771473 >>14771628 >set limit at $10k >flash crash to $9k you are now forced to sell at $9k instead of $10k same thing for getting margin called, except now you have a negative balance never change /biz/, never change

Anonymous Sun Jul 14 00:26:56 2019 No.14772754

>>14771418
this is why in almost every single /smg/ thread new traders are warned against using margin especially if you have less than 8 years of in the market trading experience.

there is literally nothing you can do, you owe Robinhood $100k

>F

srsly try not to kill yourself and just buy up a $6k position on RSR right now and wait out the storm for 2 years, you'll have all that money back plus another $500k

Anonymous Sun Jul 14 02:12:25 2019 No.14773677

>>14771677
Jesus.

Remind me to never ever fuck with the boomers/kike’s casino system.

Also ironic ID
>KYC

OP, sorry for your loss. Hope you figure it out and get out with not too much damage done. You might have to pay now but (((they))) will pay later

Anonymous Sun Jul 14 03:02:36 2019 No.14774110 [DELETED]

>>14772000
Afraid of this. I don't have the app but am considering it. From what I can tell it looks way too easy to accidentally screw yourself over by clicking the wrong buttons. Would be worse if someone accessed your phone and put all your money in and several hours later you get a margin call for something you didn't intiate.

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