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/biz/ - Business & Finance

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19820791 No.19820791 [Reply] [Original]

Can someone explain what this jew actually did? What happened that made his account appear to owe 730k when in reality it wasnt the case?

>> No.19820813

He was assigned.

>> No.19820837

he didn't took THE call

>> No.19820917

He didn't actually owe that much and anhero'd himself before the trade actually settled

>> No.19820965

>>19820917
>>19820813
But how? Robinhood doesn't let you sell puts without collateral

>> No.19821161

how

>> No.19821224

>>19821161
>>19820965
Look up one of the other 50 fucking threads we've had about this, sunshine.

>> No.19821262

>>19821224
People keep saying different things

>> No.19821294

How did he kill himself?

>> No.19821324

>>19820791
Some fucking glitch. Who cares. Whether it was intended or not he should of contacted customer service, disputed it, fucking ignored it and saw if it updated, filed bankruptcy etc.
Its not like he would of been expected to pay it all back immediately and logic would tell you something is wrong if your a kid given that much leverage. Impulsivity at its best.
>>19821294
Jumped in front of a train

>> No.19821352
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19821352

Lmao lve got news for all of you guys who are still using robinhood.
Use Webull.
It's x100 better than Robinhood.
It has 0 commision trading, a better UI that doesn't insult your intelligence, and you have more options than Robinhood.
If you open an account using my link and deposit at least $100 you can get free stocks.

https://act.webull.com/v/2GygSQPyqm1z/225/

>> No.19821391

>>19820965
It’s a “glitch” where it shows what you would owe for the assignment before covering it with the rest of your spread, apparently his brother said by looking at the screenshot he could still see he had 16k balance

>> No.19821503

>>19821391
So Robinhood didnt exercise the put he bought basically?

>> No.19821556

>>19821503
No, nothing to do with that. When you sell an option you need collateral to cover the downside. This guy instead bought calls the even it out, so effectively he had collateral. Robinhoods settlement calculation seems to only subtract the downside amount without adding back what is cancelling it out. So if I was on the hook for $700,000, but also had options that could cancel that out, Robinhood only shows negative $700,000. I really don’t think it’s a glitch, could be presented better maybe.

>> No.19821579

>>19821352
>Webull is based in Hunan, China

>> No.19821632

>>19821556
So he did call spreads not put spreads?