naked call assignment

Discussion in 'Trading' started by zdreg, Oct 3, 2008.

  1. zdreg


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


    Jail time.:D
  3. You end up naked in wallstreet wearing a barrel with two rubber straps and panhandling for money to buy bread at the soupkitchen.
  4. zdreg


    if you buy in will u have violated margin rules?
  5. 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.
  6. zdreg


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


  8. mwerbe


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