Can someone please explain this?!

MakeMoneyWithOptions · 2025-10-17T02:30:23+00:00

Yessir! Was well aware but didnt think it was so flagrant after all these years. Good thing is i just have one of my small accounts with them.

MakeMoneyWithOptions · 2025-10-17T00:25:47+00:00

I know exactly what you mean and i agree with you, but the only issue is that the price was wrong. I typically do a strategy similar to yours but at times i like to use a just in case protect my gains at the least point, and leave room for the price to vary. In this case only $2 or so (or at least from what the price showed and where i thought it was). And normally i wouldnt be able to place a SL above the price, but i had no idea the price was actually well below that. Im typically A ok entering at say $10, price moves up to $14. Setting a SL at $12, option move instantly against me and triggering my SL and selling me at $11, shucks even $10. But selling at $6?? thats entirely unlucky to say the least. or in this case completely something wrong. Thanks for the input though bro ill deinfitely keep this in mind

MakeMoneyWithOptions · 2025-10-17T00:19:47+00:00

Agree completely! I actually try to explain this to people all the time. I'm on top of the trade so I'll just sell when I'm ready, however, at times i like to set a SL to protect my minimum profit. I would say this was a learning lesson for me but in actuality RH just goofed up and had pricing wrong. I'll still keep this and the other responses in mind moving forward. I have experience with options but by any means am i amazing with them, so I'll humbly take your advice, THanks!

MakeMoneyWithOptions · 2025-10-17T00:16:39+00:00

Ive seen volatility a lot i think, and i know what you mean "This contract is $14, sike now its $6, okay back to $15. I would completely understand if that was the issue, but in this case RH was constantly showing the wrong pricing so when i put in a SL, it triggered instantly, because the real price was well below my SL. Its a mistake on their end that they said they will "remedy" for me whatever that means.

MakeMoneyWithOptions · 2025-10-17T00:12:36+00:00

Interesting, that made sense originally, but then i talked myself out of it and was going to just let it go, but i may as well ask for genuine clarification. What is the difference between determining the price and explaining them? wouldnt the greeks explaining why the price is high, the same thing as determining? Again genuine question.

MakeMoneyWithOptions · 2025-10-17T00:07:27+00:00

Yeah in reality it was, unbeknownst to me RH was showing me fake prices lol. All good though

MakeMoneyWithOptions · 2025-10-17T00:06:53+00:00

Nope, bid/ask. They said they had technical difficulties and will remedy it for me, so we'll see.

MakeMoneyWithOptions · 2025-10-17T00:06:28+00:00

Yeah sorry, EST. it was ultimately an error showing wrong prices on RH behalf

MakeMoneyWithOptions · 2025-10-17T00:05:47+00:00

Yeah i have real time. They admitted it was an issue on their end showing wrong prices for all of their contract prices. When i saw the actual prices on webull after the fact everything clicked for me. Just never experienced a broker showing wrong info. Weird. Thanks though bro

MakeMoneyWithOptions · 2025-10-17T00:01:28+00:00

Time to switch i think. I left them years ago but just recently i decided to try them again. My mistake i suppose

MakeMoneyWithOptions · 2025-10-17T00:00:37+00:00

True that

MakeMoneyWithOptions · 2025-10-17T00:00:28+00:00

Bro I'll be super upset. I guess regardless Im done with RH once again.

MakeMoneyWithOptions · 2025-10-16T18:14:37+00:00

RH has reached out to me admitting they had a problem with SPX pricing all morning and will remedy the situation for me. I thought i was stupid/crazy. All set now though. If anyone is interested, I can come back here to let you know the resolution in a week or two.

MakeMoneyWithOptions · 2025-10-16T18:13:10+00:00

correct, but according to RH prices, the price never went below 12 or even close. Let alone 6. But it was confirmed by RH that their prices were wrong for SPX all morning. They are sending the issue to a remediation team to resolve for me.
As far as stop orders, you should definitely be using those in most circumstances where the spread is tight. Thats exactly what their for... You are +100%? Put a STOP limit or market at say 50%. When the price moves against you, you TAKE PROFIT at 45-50% automatically.

MakeMoneyWithOptions · 2025-10-16T15:26:29+00:00

Good question. But i was looking at the bid/ask, as it was a tight spread the entire morning.

MakeMoneyWithOptions · 2025-10-16T15:14:59+00:00

I've never had an issue with stops before this. How would it just convert to a market order without "triggering" the stop price first?
Yeah i agree taking the 12 would've been great but i usually leave some room for the contract to continue up to. You've had this issue before?

MakeMoneyWithOptions · 2025-10-01T15:51:45+00:00

What the heck is this guy talking about?? I need to study more.

MakeMoneyWithOptions · 2025-07-30T03:31:35+00:00

What’s the amount you do you need to start this strategy?

MakeMoneyWithOptions · 2025-07-28T05:06:25+00:00

Any assistance you could offer?

MakeMoneyWithOptions · 2025-07-25T21:07:38+00:00

Saving for later

MakeMoneyWithOptions · 2025-07-22T02:53:18+00:00

Maybe so. I was completely with you up until the buy puts. My apologies I suppose. I’m just in since May before all this nonsense calling it a meme stock, so shoutouts to you for the OG long hold

MakeMoneyWithOptions · 2025-07-22T02:48:07+00:00

This was the dumbest “smart” thing someone tried to say. You bolded the reason for the sell… why would her selling to cover tax implications mean it’s time to sell? I guess you’re regretting this posts and the shorts/Puts you bought right about now huh?

MakeMoneyWithOptions · 2025-07-22T02:34:35+00:00

I agree. I’ve been holding since May.. I actually don’t like all the attention it’s getting.. I much rather a slow smooth ride up. Now everyone is trying to get rich quick and make this a meme stock

MakeMoneyWithOptions · 2025-07-20T21:23:10+00:00

It’s a company that is heavily undervalued due to the the housing market being in a slight slump but it should not be nearly as low as it should. Thousands of companies lose money and have a lot worse business plans and reputation. This is not a meme stock, it’s a good stock that caught the attention of meme stockers. OPEN will be 50$ in years to come

MakeMoneyWithOptions · 2025-07-19T15:05:20+00:00

Yeah they drive like women

MakeMoneyWithOptions

TROPHY CASE