naked call assignment

if u should get assigned on a naked call on a US financial stock what are the consequences?

 

Jail time.

 

You end up naked in wallstreet wearing a barrel with two rubber straps and panhandling for money to buy bread at the soupkitchen.

 

if you buy in will u have violated margin rules?

 

My brokers are giving warnings about auto assignments that leave you short. I assume you would be in violation, so youbetter check with the broker.

 

the question is if u buy in the same day will you be ok?

 

Yes.

 

short selling ban lifted as of oct 8th so all oct options are fine to short even ridiculously out of the money gs puts lol

 

Get out the lube because Cox will be shoving it where the sun don't shine