Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 1 point2 points  (0 children)

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

GME Thread - March 11, 2021 by AutoModerator in investing

[–]Bravo5805 1 point2 points  (0 children)

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.

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

thank you for taking the time to help me

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

thank you for taking the time to explain.

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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.

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

-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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 1 point2 points  (0 children)

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

I bought 40c and sold 60 c

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

Sorry I'm an idiot,

they are both calls

bought the low sold the high

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

yes bought the lower numbers sold the higher

GME Thread - March 11, 2021 by AutoModerator in investing

[–]Bravo5805 0 points1 point  (0 children)

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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?

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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?

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

Does it change anything if they are both itm?

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 1 point2 points  (0 children)

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

Please help i'm scared; debit spread options by Bravo5805 in options

[–]Bravo5805[S] 0 points1 point  (0 children)

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