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    TOS sold my QQQ C615 “The execution was the result of a margin sell-out”

    I DONT HAVE A MARGIN ACCOUNT, this is a cash account and Im on a computer (re "Phone Sell"

    I was in the money bought at .73, "sold" at 2.24
    Account was not negative settled funds showed I had enough for 1 last trade of the day

    I always close the position before the end of the day, this is the first time they ever did it for me

    TOS sold my QQQ C615 "The execution was the result of a margin sell-out"
    byu/JP782 inoptions



    Posted by JP782

    7 Comments

    2. papakong88 on

      You are long 615 call. If it expired ITM you will need to buy 100 shares at 615, can you pay for it?

    3. BurgerKingInYellow1 on

      I’m assuming these expired today?

      You would needed $61,500 in free buying power per call to hold these through expiration. If you didn’t, this was a valid liquidation.

    4. Sushi-Moon3 on

      Einstein, you bought calls and let them expire in the money (ITM). Which means you’ll get the underlying (which is also ITM) if you didn’t sell the option before close.

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