**OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR

[Carbonfibre]

dear god.

this is why you don't mess with options when brokers sites are crashing left and right.

this guy accidentally bought 10K GME calls Feb 05 570 strike


by the time he logged in this morning (RBC site was dead) his account got liquidated

[DevilMayRage]

dear god.

this is why you don't mess with options when brokers sites are crashing left and right.

this guy accidentally bought 10K GME calls Feb 05 570 strike


by the time he logged in this morning (RBC site was dead) his account got liquidated

[ApeXXXPredator]

Neither did I


I was gonna buy at $17 because I was hoping it would go back to $24

We are both returd autists

[SpeedCheeser]

dear god.

this is why you don't mess with options when brokers sites are crashing left and right.

this guy accidentally bought 10K GME calls Feb 05 570 strike


by the time he logged in this morning (RBC site was dead) his account got liquidated

How is he negative on purchased options? The most you can lose is what you already paid for them.

[TugOfPeace]

mind boggling how stupid people are in the market, especially with options. I spent hours and hours of research trying to figure out every angle before creating a single contract for a covered call, meanwhile idiots like the guy above are down a quarter million

[RobParks2M]

How is he negative on purchased options? The most you can lose is what you already paid for them.

I assume he accidentally bought 10,000 contracts and probably used margin to buy them.

[Lefticle]

dear god.

this is why you don't mess with options when brokers sites are crashing left and right.

this guy accidentally bought 10K GME calls Feb 05 570 strike


by the time he logged in this morning (RBC site was dead) his account got liquidated

[Carbonfibre]

How is he negative on purchased options? The most you can lose is what you already paid for them.

He used margin.

"I decided to buy 100 OTM (Feb 05 570 strike) calls and put in a market order for them before market opened. I estimated the price to be around $100 at most. It ended up filling for just a bit over at 110. That part was fine. But instead of buying 100 calls, I bought 100 contracts. 10,000 calls. I don't think even I'm retarded enough to forget 1 call contract = 100 calls. I'm thinking it was some kind of glitch in their system. Of course I only slept 6 hours last night, so my brain could possibly have crashed.

For some reason, the order went through and I was down nearly a million in cash. I rushed to sell, but my broker's (Royal Bank of Canada) was down. By the time it was back up, GME had crashed. RBC liquidated all my calls for far below what my buy order filled at and destroyed my account. Then, as we all know, GME rebounded. If they didn't touch any of my positions I would have been fine. Taken a big loss maybe but not negative $300k in cash. The interest charged for negative balances is 21% annually."




edit: Actually wait.



he bought 100 calls (those calls feb 5th 570$ strike) were $110 this morning.

so he bought $1.1 million worth of call options.


right now those contracts are trading at $55 each.


why would broker sell on him? he got margin called on wait down? broker protecting their margin? thinking gme will crash and burn.

[Travis99]

We are both returd autists

I’m in with 1 share at $269

[ApeXXXPredator]

mind boggling how stupid people are in the market, especially with options. I spent hours and hours of research trying to figure out every angle before creating a single contract for a covered call, meanwhile idiots like the guy above are down a quarter million

In such a rigged game, why would a wage cell even try? Definitely not something to really trifle with in this current atmosphere with this particular stock.

[ApeXXXPredator]

I’m in with 1 share at $269

Looks like we are dropping back down again.

[Galindo62]

I don't do a ton of trading in RH anymore anyway. Might wait until I can close out any short term plays and options I still have in there and transfer the long holds once I have.

I'll keep robinhoodbfor the occasional spreads I u buy/sell.

Multiple contracts does eat up profits if you pay 65 cents per contract.

[cjayzzz]

AOC is a kunt. She turns this into attention by mentioning the "devastating capital attacks" and asks Ted Cruz to resign

These people are so full of themselves

[GodsAssassin69]

How legit is WeBull?
Anyone file taxes with RobinHood and WeBull?

I’m in a 2 day acceptance period on WeBull now, was only going in to buy GME and AMC.

[SpeedCheeser]

He used margin.

"I decided to buy 100 OTM (Feb 05 570 strike) calls and put in a market order for them before market opened. I estimated the price to be around $100 at most. It ended up filling for just a bit over at 110. That part was fine. But instead of buying 100 calls, I bought 100 contracts. 10,000 calls. I don't think even I'm retarded enough to forget 1 call contract = 100 calls. I'm thinking it was some kind of glitch in their system. Of course I only slept 6 hours last night, so my brain could possibly have crashed.

For some reason, the order went through and I was down nearly a million in cash. I rushed to sell, but my broker's (Royal Bank of Canada) was down. By the time it was back up, GME had crashed. RBC liquidated all my calls for far below what my buy order filled at and destroyed my account. Then, as we all know, GME rebounded. If they didn't touch any of my positions I would have been fine. Taken a big loss maybe but not negative $300k in cash. The interest charged for negative balances is 21% annually."




edit: Actually wait.



he bought 100 calls (those calls feb 5th 570$ strike) were $110 this morning.

so he bought $1.1 million worth of call options.


right now those contracts are trading at $55 each.


why would broker sell on him? he got margin called on wait down? broker protecting their margin? thinking gme will crash and burn.

That guy messed up big not paying attention to what he was doing... that sucks.

But I really didn't think most places let you buy options on margin. On top of that, why in the ever loving fuk would they let him have $1mil in margin on a single position?

I'll keep robinhoodbfor the occasional spreads I u buy/sell.

Multiple contracts does eat up profits if you pay 65 cents per contract.

Yeah, most of my options are done in another account where it's $1 per contract to open, no fee to close. Not ideal, but manageable. I just don't think I want to deal with RH anymore.

[Lowkick]

Bought back into GME 10 shares @ 208 just because I want to join the movement srs

Sold off all of my other meme stocks (NOK/BB/BBBY/NAKD/AMC)
Hold me misc

[Gayford]

Fidelity FTW, get their 2% cash back card too and you rebates go straight to your investing account.

[FFailed]

But instead of buying 100 calls, I bought 100 contracts. 10,000 calls. I don't think even I'm retarded enough to forget 1 call contract = 100 calls.

Am I high or something or does this make absolutely no fking sense lol

[Venom08]

I see there’s a lawsuit being filed against Robinhood but it’s in the Southern District New York which means forget about it. That’s the worst court system on the planet and their only job is to protect the bankers/Wall Street.

It’s chit like this that cements my belief that a decade from now, the financial capitals of the world won’t be NYC and London, but Moscow and Beijing.

[johnnyboi123]

In on nok with 3900 shares too. i think it's a decent hold wsb pump or not.

[Venom08]

Am I high or something or does this make absolutely no fking sense lol

Nope. Buying 100 calls means you’re buying 100 contracts which equates to 10,000 shares. Idk wtf that guy is posting.

[Galindo62]

Am I high or something or does this make absolutely no fking sense lol

Makes no sense. He is high

[FFailed]

Nope. Buying 100 calls means you’re buying 100 contracts which equates to 10,000 shares. Idk wtf that guy is posting.

Sounds like he has never traded options before and didn't realize how much a contract actually cost.

edit: Just read this part "put in a market order for them before market opened"

Jesus christ what is this guy doing

[KingSWRV]

How legit is WeBull?
Anyone file taxes with RobinHood and WeBull?

I’m in a 2 day acceptance period on WeBull now, was only going in to buy GME and AMC.

The acceptance only takes one day.

Up to 1K instant transfer

It’s probably the best option for now. They let you trade as much as the handlers will allow.

There’s also just plain CashApp which allows buying of stocks secretly

[Carbonfibre]

Am I high or something or does this make absolutely no fking sense lol

yeah cause that guy is really shouldn't be touching options since he clearly had no idea what he was doing.


pretty sure he wanted to say

I wanted to buy 1 Call option (100 shares) ($11K buy)


he accidentally bought 100 calls ($110 per each contract) (10K shares) ($1.1 million)




time to file for bankruptcy

[ghostfacedup]

Do you guys think Robinhood is still safe? I have some play money on there, like 20K on there or so.

[MuscleXtreme]

Do you guys think Robinhood is still safe? I have some play money on there, like 20K on there or so.

**** Robinhood, they’re done.

[Camecha]

yeah cause that guy is really shouldn't be touching options since he clearly had no idea what he was doing.


pretty sure he wanted to say

I wanted to buy 1 Call option (100 shares) ($11K buy)


he accidentally bought 100 calls ($110 per each contract) (10K shares) ($1.1 million)


pretty sure his life if over now.

time to file for bankruptcy

He saw the price of the contract was $100 and assumed he would be paying $100 for the contract, not realizing you take that number you see and multiply it by 100 for your cost.

[ghostfacedup]

**** Robinhood, they’re done.

You think I should transfer all my stuff out? They charge a $75 fee for that chit, fukkkers.

[Amp30]

Do you guys think Robinhood is still safe? I have some play money on there, like 20K on there or so.

Once I pull out of AMC, which I'm considering doing right now, I'm deleting RH. That chit is dead