I am the dumbass of the day. I fucked up and shorted 950 shares of Intel at $76.25 on Robinhood . Dick stuck in toaster. Please advise.
TL;DR: The fucking Robinhood app glitched and I only noticed 15 minutes later. What are the odds of this stupid shit going back down so I can make my money back?
FUCK!!!
https://www.reddit.com/gallery/1su0vj4
Posted by vyncexII
41 Comments
AmazingPrune2 on
If you cut the loss, it will drop. If you dont, it will skyrocket.
vyncexII on
Stop order at $85 and suffer?
_rockthemike on
Gonna climb in the short term, really good earnings report
Powerofpuns on
To cook or be cooked, that is the question
NicCage1080ChristAir on
Call your broker and ask them to reverse/cancel the trade. Maybe they’ll help you out one time lol.
callsonreddit on
So there is this thing called hedging..
Glad-Veterinarian365 on
Don’t worry it’s only like 1-2 years of salary
RowanBerk on
Relax I’m shorting @ $77.3 too, wait for the straight to shut again n punch out, just don’t panic. DCA if you’re ballsy
Uninstall the app and don’t pick up your phone from anyone you don’t know.
Rosie3435 on
You will be fine
Data_Dealer on
Shorted a meme stock that agent orange owns… What could go wrong?
Sufficient-Flan1565 on
Buy a 6 month or a 9 month call struck at 85 or 90 first thing tomorrow morning. Since you have 950 shares, you need to buy 10 calls. Yea, you will need to pay more money but will sleep better. INTC will drop eventually so you will still make money. Don’t worry! Good luck
followedbymeteor on
Gna actually incur *infinite* losses like they tell you about in high school econ class
Data_Dealer on
Shorted a meme stock, that the current admin took stake it… In all seriousness it could open down tomorrow. They are still losing market share in this environment.
xSpectre_iD on
“The app glitched out”
SonyShooter35 on
How did the app glitch?
pocketIent on
I sold my calls for today for only 400 profit😔 if that helps any
ArtisticFrame5790 on
I don’t want to give you false hope because you jar a lot of money on the line. Max pain is $60 for tomorrow. A lot of options on spy pointing towards a lower close on spy tomorrow. Sometimes you see price drop after ER to kill options before letting it run the following week. I just don’t know how many people will be piling in tomorrow running it up more versus selling to lock in gains and MMs pulling it down to kill options. I haven’t looked to see what call walls are there that they may want to kill. I personally was thinking this might be one to short or buy puts on tomorrow to catch a little pullback but not sure.
Good luck to you. You definitely went big. Earnings plays are such a 50/50
ImThatChigga_ on
Should’ve done your grandma a service
IHaveInflatableShoes on
Guh
Sus198 on
Hedge. Also, probably as the market stays depressed due to the Strait’s closure and upcoming oil shock, the stock will go down in due time.
You are shares short? Dude you are golden. Its gonna take less than 2 weeks and you will have your money back. Riding SPY till they die. Once that drops, so will the semis.
Mysterious_Pitch4186 on
You are cooked, the shorts covering friday gonna pump this up even more is very likely. I mean I just blinked at its +23% now.
41 Comments
If you cut the loss, it will drop. If you dont, it will skyrocket.
Stop order at $85 and suffer?
Gonna climb in the short term, really good earnings report
To cook or be cooked, that is the question
Call your broker and ask them to reverse/cancel the trade. Maybe they’ll help you out one time lol.
So there is this thing called hedging..
Don’t worry it’s only like 1-2 years of salary
Relax I’m shorting @ $77.3 too, wait for the straight to shut again n punch out, just don’t panic. DCA if you’re ballsy
https://preview.redd.it/09nwusc2f1xg1.jpeg?width=1041&format=pjpg&auto=webp&s=522bd23ccbe9d34b104d3e0212c5f0772c3ab826
Yikes, good luck.
Cut it
Make sure it’s on the “bagel” setting before you push that button.
double down or no balls. Make papa bers burry proud
That’s… either a really shitty move or a really bad move.
I sold at $55 and I felt like I was the idiot…
Margin calls tomorrow
https://preview.redd.it/lgv19nf4g1xg1.jpeg?width=588&format=pjpg&auto=webp&s=33de292a9c44c7ad1d49f07b833c2676b6ec87c0
Uninstall the app and don’t pick up your phone from anyone you don’t know.
You will be fine
Shorted a meme stock that agent orange owns… What could go wrong?
Buy a 6 month or a 9 month call struck at 85 or 90 first thing tomorrow morning. Since you have 950 shares, you need to buy 10 calls. Yea, you will need to pay more money but will sleep better. INTC will drop eventually so you will still make money. Don’t worry! Good luck
Gna actually incur *infinite* losses like they tell you about in high school econ class
Shorted a meme stock, that the current admin took stake it… In all seriousness it could open down tomorrow. They are still losing market share in this environment.
“The app glitched out”
How did the app glitch?
I sold my calls for today for only 400 profit😔 if that helps any
I don’t want to give you false hope because you jar a lot of money on the line. Max pain is $60 for tomorrow. A lot of options on spy pointing towards a lower close on spy tomorrow. Sometimes you see price drop after ER to kill options before letting it run the following week. I just don’t know how many people will be piling in tomorrow running it up more versus selling to lock in gains and MMs pulling it down to kill options. I haven’t looked to see what call walls are there that they may want to kill. I personally was thinking this might be one to short or buy puts on tomorrow to catch a little pullback but not sure.
Good luck to you. You definitely went big. Earnings plays are such a 50/50
Should’ve done your grandma a service
Guh
Hedge. Also, probably as the market stays depressed due to the Strait’s closure and upcoming oil shock, the stock will go down in due time.
Plug in toaster and take shower.
https://preview.redd.it/yokuig06h1xg1.jpeg?width=1136&format=pjpg&auto=webp&s=72d9bd3edb3298810d169e34069825e2105e5741
Brother i shorted 2000 shares at $53
I closed the position at $65
You are shares short? Dude you are golden. Its gonna take less than 2 weeks and you will have your money back. Riding SPY till they die. Once that drops, so will the semis.
You are cooked, the shorts covering friday gonna pump this up even more is very likely. I mean I just blinked at its +23% now.
Ask for a refund and delete the app
Drop the toaster in the bathtub, bro.
Nana’s revenge
you have insurance, right?
https://preview.redd.it/0ulhwd28i1xg1.png?width=318&format=png&auto=webp&s=63d13c0ed897e15f5631f6ce6804731783685b9f
“The app glitched” stfu regard just put the fries in the bag