TLRY borrow rate at IB is.......

Discussion in 'Stocks' started by mskl, Sep 7, 2018.

  1. FSU

    FSU

    Just quoted a borrow rate of 501%. Ha.
     
    #11     Sep 11, 2018
  2. Leopard9

    Leopard9

    Guys, something happened to me on this stock today. I had a very good profit intraday long with 100 shares until it reversed. Price went through my stop and i couldnt sell, not market, not limit. Message from IB said the smart route or exchange didnt accept my sell order. I had to call them to manually close it, fortunately in the green. They told me they didnt have shares. Any info on this? happened to anyone? Panicked a bit since this is a volatile beast!
     
    #12     Sep 13, 2018
  3. Robert Morse

    Robert Morse Sponsor

    This is LS TRader L2. The "T" means threshold or Reg-Sho. You should have been able to sell long but not short. Must have been a system error thinking your were flat then trying to sell short.
    upload_2018-9-13_19-45-51.png
     
    #13     Sep 13, 2018
    Leopard9 likes this.
  4. Leopard9

    Leopard9

    ahhh makes sense. I was 500+ in profit at the original stop. Any idea of price action for tomorrow? seems it will plunge. Thoughts?
     
    #14     Sep 13, 2018
  5. Robert Morse

    Robert Morse Sponsor

    I have no opinion, but why do you think it will plunge?
     
    #15     Sep 13, 2018
  6. Leopard9

    Leopard9

    Heard about some volume going into puts today at 120. Down in extended hours. Current price 110.99, close around 120.
     
    #16     Sep 13, 2018
  7. Robert Morse

    Robert Morse Sponsor

    OK, so now what. The market is closed. You can't short it tomorrow morning, you can only buy or do nothing. This is way too much a gamble for most traders. I would avoid it. the closing market was:

    upload_2018-9-13_20-4-30.png
     
    #17     Sep 13, 2018
  8. Leopard9

    Leopard9

    I dont want to short...no shares available even if i wanted! Yet some things i read made me bullish including some millionaire buying a lot today, and a lot of shares privately own! Thats all.
     
    #18     Sep 13, 2018
  9. FSU

    FSU

    #19     Sep 13, 2018
    Leopard9 likes this.
  10. Leopard9

    Leopard9

    Never studied options, but i will take a look, thanks my friend.
     
    #20     Sep 13, 2018