I just got this error message from the system: " Rejected Sell to Open 1 RDBX Jan 20 2023 5.0 Put ... Order rejected: Opening transactions for this options contract are not being accepted. " What's the reason?
Yes, I'm not an elite (yet) But that's irrelevant for the fk'in system. Just xplain. What's supposedly missing?
Google is your friend: https://investorplace.com/2022/06/redbox-rdbx-stock-fans-sound-off-on-sell-only-options/ It happens when exchanges don't want new position to be opened on particular name. It's like a half halt (can close existing positions but cannot open new ones). Btw, don't pay attention to the old grumpy Jack!!! ;-)
% Like half a halt, huh?? %% I seldom see that in stocks or ETFs. But i've seen it TX tea[like Texaco Tea] Liquidation only, longs only\ \longs oil got too greedy. NOT picking on option buyers\ Bunker Hunt said any fo+l \can run a printing press +talked his Arab oil friends into buyin' silver, had fun with an attempted silver market corner. But never keep on buying [or even a try buy]if an exchange says stop trying to corner the market.; liquidation only on Bunker silver \oops .And never call an old timer anything but ''Mr Morgan'' unless you have permission\LOL Bunker+ Bro Hunts dad did real well on oil lease option buys- Mr Murray\trend turtle