This one is kinda funny because it's so absurd, and also anyone with 32k to invest in the first place can't be doing that badly. However, it's fucked up how gambling on your phone, sports and crypto as well as stocks, has just been completely normalized over the last couple of years.

This also might be a glitch (the number looks suspiciously close to the 32 bit max). But in that case it's fucked up how people's live are so controlled by completely unaccountable tech companies who don't provide support unless you're a corporate customer with millions of dollars in monthly spending.

  • happybadger [he/him]
    ·
    2 years ago

    The puts you sold are deep ITM and being exercised, which means you are now 100 shares long per contract. Robinhood being the sleazy incompetent fucks that they are will freeze your account instead of simply letting you close the position by selling your long put along with the long shares assigned thus closing your position for a max loss of your spread differential.

    It really shouldn’t be an issue with most brokers, but again, you being a highly regarded individual of course you went for an idiotic play with the worst broker available.

    So he buys one share on credit and owes 100 shares if it loses money? Lmao.