IB banning opening new put option positions in GME

Why not? You *can* allow buying stocks but not shorting them. So why not the same with puts?

 

Well that's going to push the stock higher even further if you can't even short the stocks anymore. LOL

 

but you are still able to trade options on GME with TD.

 

Because if you buy them there is only the market maker to sell them to you...and they don't want to be short them

 

That's not true... There may be people who have the puts who want to sell them.

 

Listen...options aren't as ezpz as stocks. You can buy a put and short a put at the same time and still profit when stock goes up. If you lock up one side, you lock up a gammut of different possibilities for risk control and you 100% do not satisfy the need for long puts by just hoping that another degenerate is selling to you. When you allow long puts, 90% of the volume is taken by a market maker, period.

Besides that, if you guys really want to buy a put, just buy a call and short stock or even better, just sell call spreads...it's the same.


I would not want to have my money at a broker that allows a couple of apes to dabble in options that are 550IV and get burned either way because the underlying is the squeeze of the century and the FEDs are looking into potential actions.

Safety first.

 

I actually shorted some AMC puts today because WSB diamond hands go brrrr

The original run-up from 20 to 40, the day before the regular january options expired, the margin requirement on GME was only ~1/4 of the principal. Somebody's account probably went super negative, so IB banned opening new shorts on GME. Then somebody probably circumvented that ban by buying puts. So then they banned buying puts. That's my theory anyway.

 

SEC stands for Suck Elon's Cock

 

1. There are no shares available to short or very few .. At least one place has a 200% maintenance requirement.
2.The question to ask since IB is no longer a market maker why are they doing a favor for the market makers.
3. A Put spread is a reasonable strategy. e.g. Najirian bought the april 60 Puts and sold the 30 Puts.If he loses completely he said it is acceptable amount.(45k)
4. Rule changes are made to protect Wall Street, the banks and commodity exchanges. Remember how the Hunt brothers tried to corner the silver market. Exchange members changed the rules causing the brothers to liquidate their position.