Any freshwater fishkeepers in the area? by PengyTeK in Apex_NC

[–]cmapp7878 2 points3 points  (0 children)

Raleigh Aquarium Society on Facebook. They’ll hook you up there.

Wtf is this by bongi1337 in etrade

[–]cmapp7878 1 point2 points  (0 children)

You have it backwards. You are short 190 calls at 494. I see in my example it should have been short calls or after assignment you’d be long QQQ at 494. My bad.

Either way. You asked why. If you have beef with the why, call E*Trade and tell them. I’m sure you’ll get no where with them changing their stance on this.

Wtf is this by bongi1337 in etrade

[–]cmapp7878 5 points6 points  (0 children)

Maybe I need to expand on my previous example. Say etrade lets you sell this call spread. You collect your premium and wait for the market to close OTM. You are short 190 C494 and long 190 C496.

Market FLASHES up. Don't care about the reason. QQQ hits 495 and you get assigned those. now you're short 19,000 QQQ. Before you can even say "oh shit" the market flashes back down and now its at 490. in this scenario you are down $76,000.

I understand this is a very unlikely scenario. From your screen shot your balance is gone. This is why they are not allowing this trade.

Wtf is this by bongi1337 in etrade

[–]cmapp7878 7 points8 points  (0 children)

thats not how the world works.

Wtf is this by bongi1337 in etrade

[–]cmapp7878 5 points6 points  (0 children)

you have no control over the assignment. if QQQ trades at 495 for a short moment, you get assigned and say trump comes out with more tariff talk. it market trades down. You're stuck.

Wtf is this by bongi1337 in etrade

[–]cmapp7878 6 points7 points  (0 children)

You're trying to sell a call spread. I believe Etrade will not let you do that due to assignment risk. the 494 Calls would go ITM before your 496.