naked x3 GME march calls with IB

Discussion in 'Risk Management' started by IBRex&me user, Feb 4, 2021.


  1. Truth. I try to be more sympathetic. We've all lost money on trades. It sucks. But you don't have to have a total wipeout. There are plenty of experienced traders that can help. Traders need to develop their own trading methods, but if, for example, the OP had asked before selling 3 unhedged calls on GME. Most here would have said Are. You. Freakin. Crazy??? DON'T DO IT
     
    #11     Feb 5, 2021
  2. its real easy to say after the event, this was before it went berserk, GME ~41.16, so selling the 60calls at no extra margin was not difficult, as was also short 3 puts from days before. would rolling it out months of prevented the liquidation? as a rule of thumb, was the initial margin already high for the account , net liq ~$61k. any tips to ensure any future trades don't breach a rule? eg each trade has to be less than 10% of net liq? dont do naked calls?
     
    #12     Feb 5, 2021