So apparently i messed up somehow and found a glitch with my broker. At first i thought i was fine becouse the market had gone up but since i used the money in a cash account im somehow liable for the amount of buying power i managed to use and my account is frozen rip.
https://www.reddit.com/gallery/1sgbzov
Posted by AbrocomaNegative825
44 Comments
Holy shit
Yikes
https://preview.redd.it/igu6nenkk2ug1.jpeg?width=1408&format=pjpg&auto=webp&s=55d542bbe84c104110e02ed841b8ba6743005d80
Your broker must be stupid to allow some degenerate to rack up a 2 million dollar loss with a few grand in cash.
It’s a them problem now.
Da fuck
Can someone explain to me what happened in regard terms
Woah?
Just tell robinhood you got hacked by iran
These expired worthless?
Oh nice you collected the 750$ premium!
Howd u sell expired puts?
Regarded
Uhh this is insane good luck man wtf
Just delete the app
it’s only 5 contracts is 500 shares
Don’t think that was accident, think that was greed that backfired
You just have to wait for the 4 AM TwitShit
The math aint mathin… getting assigned 500 shares of spy doesn’t equal 2 million dollars.
I believe in the business we call that an Oopsy Daisy, and you got a full bouquet of them
Just delete the app bro
Just delete the application.
I love this sub
is the glitch that you’re retarded?
That doesn’t look too good
Please let us know what happened at the end.
Bankruptcy time
This isn’t real.
Your cash balance is still positive.
Is this $2300? No way that is 2.3 mil
Just delete the app.
Like when I used to rip the internet cable out of the wall when I went all in and lost everything in bodog poker, then say I had a bad connection.
Sometimes got a refund.
The that.
These puts have already expired and SPY closed above $655 on the 25th of March? So, your loss isn’t real and you made ~$750
There’s more to the story.
Have you tried customer support?
Call your broker and blame it on your wife’s boyfriend
well, you should prob buy those puts back now
Damn bro
He likely accidentally opened a short-put position, and the broker then treated his account as having a massive assignment/collateral obligation, freezing the account. The $2.29M is almost certainly not cash he owes right now from a normal 5-contract trade. It looks like a buying power deficiency / margin-style risk number, and the screenshots strongly suggest there is missing context or a mismatch between the actual number of contracts and what people are seeing.
The good thing is that you are calm. Maybe there is more going on here.
Just deposit $2,300,000.
What’s the fucking problem?
lol what a moron.
A fool and their money quickly part ways
Please tell me this is in Pesos.
Mr big bucks over here with his $6000 in cash buying power.
Fuck right off bud
https://preview.redd.it/128dt83eu2ug1.jpeg?width=400&format=pjpg&auto=webp&s=0c30411e3337c588f8d67a345e4f6dc915b652dc