IB banning opening new put option positions in GME

Discussion in 'Stocks' started by narafa, Jan 27, 2021.

  1. narafa

    narafa

    This is so pathetic, free markets are thrown out of the window now.
     
    #71     Jan 28, 2021
    Cuddles likes this.
  2. cesfx

    cesfx

    everything halted on GME via IB
     
    #72     Jan 28, 2021
  3. tsznecki

    tsznecki

    I've found out you can buy/sell strikes 350 and up on IB. I have no idea why, but I didn't get the closing only garbage.
     
    #73     Jan 28, 2021
  4. Daal

    Daal

    stupid move by IB
     
    #74     Jan 28, 2021
  5. cesfx

    cesfx

    on and off, I sold back one put and I placed an order for a spread
     
    #75     Jan 28, 2021
  6. Apex Clearing, who acts as the custodian of all tastyworks accounts, has informed us that the following symbols (AMC, GME, & KOSS) will be set to closing only order status immediately. You will only be able to submit orders to close out any open positions that you have in these symbols.

    New opening orders will not be accepted at this time. We will update our clients should the clearing firm lift the Closing Only status in the near future.

    Best,
    The tastyworks Team
     
    #76     Jan 28, 2021
  7. MrMuppet

    MrMuppet

    Did you really just try to make a point about GME puts by showing an AMC position?
    Apples to apples my friend...
     
    #77     Jan 28, 2021
  8. narafa

    narafa

    IB restricted opening option positions in GME since yesterday (That's what this thread is about). AMC options are still fine.

    It's irrelevant, GME or AMC, both are having the same type of volatility. IV for AMC options at one point today reached 900%. They are now at around 700%.

    Besides, I am not trying to make a point, I am trading to make money, just like everyone else.

    And you might have decades of experience trading options (I do too), but you might need to re-consider your view of IV behavior given such moves & scenarios we are seeing, which I am sure neither you nor me have seen before.
     
    #78     Jan 28, 2021
    guru and Daal like this.
  9. Cuddles

    Cuddles

    fuck this guy, I expect my CEOs to be good pathological liars and he's terrible at it.

     
    Last edited: Jan 29, 2021
    #79     Jan 29, 2021
    guru likes this.
  10. tastyworks lifted the Closing Only status before the end of yesterday. And I didn't see GME halted even once today.
     
    #80     Jan 29, 2021