IB banning opening new put option positions in GME

Most disappointing.

 

that oil futures contract went below zero.

gamestop could go to below zero if everyone tries to get out.

-yep, the password on this account is 123456, so anybody can post unpopular opinions using this account

 

All restrictions are intended to bail out the hedge funds, who are Wall Street's best customers.

 

a 50 cent put might trade for 2 or 3 dollars. that's the next "impossible thing" we'll see.

stock could go negative $20, like that oil futures contract did.

123456 is the passowrd to this account

 

IB probably did you a favor, given that GME's IV is likely to shortly get crushed.

Vega can be a bitch.

 

This is one more proof why a trader needs more than one brokerage firm.

 

if/when price drops as fast and hard as it has gained will that cause a rapid drop in IV?

 

The opposite.

 

so how would that be "doing us a favor" as @lindq stated?

 

Guys, IB restricted these puts so you monkeys cannot short them on margin and blow up.

So for once be happy that they protect you from doing stupid things that harm your account