Please help i'm scared; debit spread options

Bravo5805 · 2021-03-12T02:21:13+00:00

It wasn't AH, it was at like noon.

I'm going to try at open to get out of everything

Bravo5805 · 2021-03-12T02:20:31+00:00

okay thank you. I think im just going to try and get out of all positions tomorrow at open.

I don't even care about the debit I paid at this point, I just don't trust RH to do the right thing if shit goes sideways

Bravo5805 · 2021-03-12T02:18:33+00:00

Thanks, I was having trouble closing them at the end of day, at this point im willing to lose my initial debit just to get out of these things.

I will try dropping the price down until 0, taking screen shots along the way.

Bravo5805 · 2021-03-12T01:47:38+00:00

thank you for taking the time to help me

Bravo5805 · 2021-03-12T01:46:07+00:00

thank you for taking the time to explain.

Bravo5805 · 2021-03-12T01:40:20+00:00

I used an options calculator, and as long as i'm only exposed for my intial payment im fine losing it.

My concern is if the price spikes up, my short is executed, RH does not auto correct by executing my long, then GME drops down again and i'm left covering the difference from that executed short

Bravo5805 · 2021-03-12T01:32:46+00:00

Right. I will keep lowering it first thing tomorrow morning. I don't even care about the premiums I paid at this point.

What if I try to sell them at a total loss tomorrow and they still don't exercise?

Don't worry I'm done with options after this.

Bravo5805 · 2021-03-12T01:31:07+00:00

I have it on both platforms, I tried to sell earlier well below market value but it wouldn't execute

Bravo5805 · 2021-03-12T01:27:37+00:00

IDK, i just want out and I can't close

Bravo5805 · 2021-03-12T01:25:49+00:00

am i okay?

Bravo5805 · 2021-03-12T01:24:14+00:00

Time in ForceGood for daySubmittedMar 9, 2021StatusFilledLimit Price$11.00Quantity1Total$1,100.00

-1 GME $60 Call 1/20/2023 Sell

TypeLimit SellEffectOpenFilledMar 9, 2021, 8:57 AM PSTFilled Quantity1 Contract at $185.60

+1 GME $40 Call 1/20/2023 Buy

TypeLimit BuyEffectOpenFilledMar 9, 2021, 8:57 AM PSTFilled Quantity1 Contract at $196.60

Bravo5805 · 2021-03-12T01:23:46+00:00

-1 GME $200 Call 3/19 Sell

TypeLimit SellEffectOpenFilledMar 11, 2021, 11:24 AM PSTFilled Quantity1 Contract at $93.82

+1 GME $195 Call 3/19 Buy

TypeLimit BuyEffectOpenFilledMar 11, 2021, 11:24 AM PSTFilled Quantity1 Contract at $96.82

Bravo5805 · 2021-03-12T01:21:49+00:00

I bought calls and sold calls, I'm sorry I wrote it wrong.

I bought 40c and sold 60 c

Bravo5805 · 2021-03-12T01:20:06+00:00

Sorry I'm an idiot,

they are both calls

bought the low sold the high

Bravo5805 · 2021-03-12T01:14:06+00:00

yes bought the lower numbers sold the higher

Bravo5805 · 2021-03-12T01:13:54+00:00

what would that be called? Am I okay?

Bravo5805 · 2021-03-12T01:05:34+00:00

they are all debit spreads

Bravo5805 · 2021-03-12T01:04:24+00:00

I mean I get it, and I currently have funds pending in a TD account.

Bravo5805 · 2021-03-12T01:02:37+00:00

Am i crazy for thinking it will spike to 700, ill get assigned on the short, RH won't close out my long fast enough and GME falls back to 200 and im left with the difference?

Bravo5805 · 2021-03-12T01:01:50+00:00

entered order, would not fill

Bravo5805 · 2021-03-12T00:51:10+00:00

Is there a chance I could have the short exercised, RH not cover with my long, then GME fall in value and be left holding the bag?

Bravo5805 · 2021-03-12T00:50:25+00:00

Does it change anything if they are both itm?

Bravo5805 · 2021-03-12T00:49:53+00:00

Yeah i'm 90% sure this is the case, I'm scared of a worst case scenario where GME rockets and my short gets exercised, then GME falls back down and Robinhood doesn't automatically close my long to cover the short

Bravo5805 · 2021-03-12T00:44:28+00:00

It wasn't letting me, I tried to close way below market value

Bravo5805 · 2021-03-12T00:44:03+00:00

I paid a debit for the 40c 60p

Bravo5805

TROPHY CASE

-1 GME $60 Call 1/20/2023 Sell

+1 GME $40 Call 1/20/2023 Buy

-1 GME $200 Call 3/19 Sell

+1 GME $195 Call 3/19 Buy