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.

  • frogbellyratbone_ [e/em/eir, any]
    ·
    edit-2
    2 years ago

    i don't think he's in the hole at all. i think it's robinhood being stupid af per usual.

    he was selling puts, the market was dropping. he's in the money. the negative is just a temporary balance until stocks / assigned options are actually settled. frankly i think robinhood shows the negative as leverage instead of actual value with his puts. because the temporary balance says negative from leverage of options and ignoring his puts they're forcing him to sell even though once settled he's up.

    edit: in other words: robinhood is only looking at his options and ignoring his puts. he may actually be down, but it's maybe 10k max based on the limited i read

    edit: fuck robinhood. delete robinhood

    • Omegamint [comrade/them, doe/deer]
      ·
      2 years ago

      Yes, this exact scenario has happened many times and plenty of times the person even ends up with a bit of a profit. Robinhood is dumb tho