Anybody here knows of someone who blew up their account selling puts?

Discussion in 'Options' started by taojaxx, May 12, 2025 at 8:34 PM.

  1. taojaxx

    taojaxx

    How'd that happen? Any lessons learned?
    Asking for a friend.
     
  2. spy

    spy

    I know someone who came close enough.
    [​IMG]

    How'd it happen?
    [​IMG]

    Lessons learned? You better have bought some too (and I'm not talking after the fact).
     
  3. Sekiyo

    Sekiyo

    On Reddit sometimes you see people owing shit load of money to their broker. There were story about Robinhood traders killing themselves.

    Kearns may not have realized that his negative cash balance displaying on his Robinhood home screen was only temporary and would be corrected once the underlying stock was credited to his account. Indeed it’s not uncommon for cash and buying power to display negative after the first half of options are processed but before the second options are exercised—even if the portfolio remains positive.
     
    Last edited: May 12, 2025 at 8:58 PM
  4. spy

    spy

    Utterly tragic. So easy to misinterpret what you see around you and assign false attribution preemptively.
     
    Sekiyo likes this.
  5. I know someone, you.
     
  6. taojaxx

    taojaxx

    Aptly named 2 digit IQ responder. :)
    You have access to my account to know that?
    This site never disappoints: try to launch a useful convo and it takes a few minutes for the usual self infatuated jerk to pop up.
     
  7. RedDuke

    RedDuke

    the more recent example is James Cordier from optionsellers. The most difficult thing that one day, out of the blue, option seller can go to debit.
     
  8. I don't need a high IQ to understand how you got triggered so easily.
     
  9. What's there to know....traders gamble, and some will lose. Just like in casinos, business and life.
    For every success story you read and see about...there are more than a 100 or 200 miserable limp failures
     
  10. S2007S

    S2007S


    That was the Amazon trade right?