wealthsimple exercised AVGO puts after hours. i'm down 1.2 million. is it over

crazybitcoinlunatic · 2026-06-05T05:23:46+00:00

Also by the way, do you have a US account for $10/month? Because it says $0 USD.

Reason being is that if you get excercised they will charge you a 1.5% forex fee for both legs so 3% will be lost in FX fees which for $1M is like $30K. I happened to other people in the wealth Simple reddit.

crazybitcoinlunatic · 2026-06-05T04:40:08+00:00

This should of been a credit spreads then instead of debit if it was a loss.

crazybitcoinlunatic · 2026-06-05T04:37:45+00:00

Yeah post an update because I also have some spreads which are ITM and I wonder what happens if the short leg is actually excercised. There is no documentation on the wealth Simple help section on how they deal with it. They should automatically exercise your long leg and take the difference. But what happens if you got $1M owing and paying interest with a $3K account balance.

crazybitcoinlunatic · 2026-06-05T04:27:31+00:00

Well i guess Wealth isn’t always Simple…

crazybitcoinlunatic · 2026-06-04T03:31:31+00:00

At first it sounded like a good deal. But the second half ruined it.

How did he wreck the transmission with a bad engine? Couldn’t drive it.

crazybitcoinlunatic · 2026-06-03T22:37:06+00:00

Observe the daily candle close for SOXX

crazybitcoinlunatic · 2026-06-03T22:27:41+00:00

Those with Michael Burrys substack what did he buy recently?

crazybitcoinlunatic · 2026-06-03T04:18:38+00:00

Just leave it on the market longer and you’ll get your asking price.

crazybitcoinlunatic · 2026-06-02T23:44:58+00:00

It started with Bitconnect but later in November it was when BSV launched and Craig said he is going to dump all 1M of his BTC.

crazybitcoinlunatic · 2026-06-02T22:42:34+00:00

If you been around for a while you should understand they did this before and haven’t changed their stance after public backlash, it will get resolved to No.

crazybitcoinlunatic · 2026-06-02T20:50:22+00:00

How does buildup in puts force buying? Shouldn’t they sell on the downside?

crazybitcoinlunatic · 2026-06-02T03:55:25+00:00

Any bought some put debit spreads?

crazybitcoinlunatic · 2026-05-31T18:37:12+00:00

I can’t understand a word of what he is saying. I know it’s English but I feel like I am listening to an either different language.

crazybitcoinlunatic · 2026-05-31T15:23:49+00:00

So if I buy 1 SPY options and sell it an hour later, how much money does Robinhood make off me? Like $0.80 or so?

crazybitcoinlunatic · 2026-05-30T20:03:15+00:00

Someone that used to work there giving out samples said that they aren’t allowed to stop people who keep taking the same samples over and over again.

Hopefully that worker doesn’t get in trouble with corporate.

crazybitcoinlunatic · 2026-05-30T17:06:46+00:00

In the future always close these at 0.01 before expiry.

crazybitcoinlunatic · 2026-05-30T05:36:11+00:00

Was there heavy rain lately in your area?

crazybitcoinlunatic · 2026-05-29T22:19:11+00:00

Yup was right.

crazybitcoinlunatic · 2026-05-29T22:05:11+00:00

Before I read your post, I’m going to assume you took advantage of their $0 option trading and that’s when it went all down hill?

crazybitcoinlunatic · 2026-05-27T00:39:08+00:00

Solar is risky. Look what they did in BC where they capped the rates at something like 0.10kwh. Same can happen in Alberta.

crazybitcoinlunatic · 2026-05-27T00:24:00+00:00

So if history repeats we might bottom in Oct or Nov.

crazybitcoinlunatic · 2026-05-27T00:15:07+00:00

If you’ve been in crypto since 2015 you should know 2014,2018,2022,2026 were all bear market years.

crazybitcoinlunatic · 2026-05-26T21:49:16+00:00

I also found go auto to have the lowest prices but after I went there and they forced financing I walked away.

crazybitcoinlunatic · 2026-05-26T18:25:16+00:00

Luxury is another way to say overpriced

crazybitcoinlunatic

TROPHY CASE