My fat finger naked calls lol

Discussion in 'Options' started by prc117f, Aug 26, 2015.

  1. prc117f

    prc117f

    i had my first ever fat finger. I was gonna close to lock in my profits yesterday on 14 short call contracts I sold but somehow I accidentally sold to open 14 not buy to close
    I did a quick review and saw -28 contracts and I was oh shit

    I closed them out but it cost me 600 bucks out of my profit. Lol.

    Still made a profit but minus 600 for the error since the markets were moving and the bid ask spread got wide :)

    Anyhow glad I quickly double checked instead of leaving and assuming the trading day was over in the afternoon.

    Dumb mistake, first time ever.
     
  2. Sounds like an execution error more so than a fat finger..

    A fat finger is like you add an extra digit to the order size because you mashed the keypad while writing up your ticket.
     
    wwatson1 and lawrence-lugar like this.
  3. zdreg

    zdreg

    it is a fat finger error.
     
  4. Been there done that! :-(

    I have had many forms of that as well.... Allocated trade orders in TOS often mix up the quantities in accounts, causing some trepidation.
     
  5. xioxxio

    xioxxio

  6. HJ.AUD

    HJ.AUD

    Very,very lucky. Could have been disastrous in a flash crash.