[pools closed]

I've never had to do it until now, is there a hotline?

https://ibb.co/xqKw3pk

[Guardians]

I've never had to do it until now, is there a hotline?
*snipe*

Well, are you on margin?

[pools closed]

Well, are you on margin?

I don't think you understand what I am saying happened.

[Guardians]

I don't think you understand what I am saying happened.

You clearly got margin called and the broker executed a sell in order to reduce their exposure.

As a result, they sold an option at fair market value, which happened to then rapidly increased in value over the next hour.

Now, the question is -- were you on margin? If so, would there be any reason for them to margin call your account and liquidate your position?

[pools closed]

You clearly got margin called and the broker executed a sell in order to reduce their exposure.

As a result, they sold an option at fair market value, which happened to then rapidly increased in value over the next hour.

Now, the question is -- were you on margin? If so, would there be any reason for them to margin call your account and liquidate your position?

Unless an incredible coincidental anomaly occured, it was clear insider trading, preserving the profits of a known pump for their entities. You don't get it, you're not smart for knowing what a margin sell out is. There's no reason for them to sell positions off until a minute or so until closing if they were honest, the reason they reserve the right to do it up to an hour off from close is so they can do exactly what they did right here.

[Guardians]

Unless an incredible coincidental anomaly occured, it was clear insider trading, preserving the profits of a known pump for their entities. You don't get it, you're not smart for knowing what a margin sell out is. There's no reason for them to sell positions off until a minute or so until closing if they were honest, the reason they reserve the right to do it up to an hour off from close is so they can do exactly what they did right here.

Unfortunately, since you cannot answer a simple question of "were you on margin when you had this position," I cannot provide you any assistance.

Also, I do not appreciate that I offer help and you just simply say that "I don't get it" or "I'm not smart." First off, they can execute whenever they want if they need to forcible liquidate to prevent their client's money from being at risk from your over exposure. Secondly, they typically close options between 30 minutes and an hour before closing bell; so, you are wrong in that regard.

People like you are the unintelligent traders that flip for pennies and complain when anything goes wrong.

How about don't trade if your account can't handle a $65 call? Or, instead, why not stop trading options that expire the DAY OF?

The fact that you say this is insider trading really shows that you have not read the legal documents when you sign up for an account. Instead of complaining, I advise you read through those and educate yourself further.

[pools closed]

Unfortunately, since you cannot answer a simple question of "were you on margin when you had this position," I cannot provide you any assistance.

Also, I do not appreciate that I offer help and you just simply say that "I don't get it" or "I'm not smart." First off, they can execute whenever they want if they need to forcible liquidate to prevent their client's money from being at risk from your over exposure. Secondly, they typically close options between 30 minutes and an hour before closing bell; so, you are wrong in that regard.

People like you are the unintelligent traders that flip for pennies and complain when anything goes wrong.

How about don't trade if your account can't handle a $65 call? Or, instead, why not stop trading options that expire the DAY OF?

Clearly, just another r/wsb gambler.

Unless you work for the SEC there's nothing you can do for me lol

[TrueKings]

Unless an incredible coincidental anomaly occured, it was clear insider trading, preserving the profits of a known pump for their entities. You don't get it, you're not smart for knowing what a margin sell out is. There's no reason for them to sell positions off until a minute or so until closing if they were honest, the reason they reserve the right to do it up to an hour off from close is so they can do exactly what they did right here.

1. Definitely not insider trading on their part. Nor was it an anomaly.
2. Risk to the position is calculated using the implied volatility of the underlying. Something that is constantly changing. Therefore, you can 100% get margin called intraday when trading with the B/D's funds, or if you take on an infinite loss position.
3. You can stop margin calls by calling your broker when you enter the position, show them that you have the cash to cover up to a certain threshold somewhere else, and asking them to call you for a cash infusion prior to force closing a position. You just have to be ready to liquidate those funds at a moments notice and deposit them into the brokerage account as there is usually a very strict deadline.
4. If you're trading on margin outside of a margin account. ie. Funds you deposited within the last week which have not settled yet, the same applies. Basically you would need to be ready for a cash infusion through a method that isn't EFT. Something like a direct wire transfer, or sometimes even a cashiers check should be locked and loaded throughout the life of your volatile position.

You can technically file an official complaint. If you call your B/D and state that you would like to file one they will direct you to the proper channels. Per regulations official complaints have to be reported to the governing body. However, from the looks of it, you don't have ground to stand on. It was just a margin call, happens all of the time if you assume more risk than the cash in your account can handle.

If you'd like to see examples of the change in implied volatility, you can watch any number of videos or read any number of papers around calculating IV for American Options. Most use a modified version of the BS pricing model. I would suggest modelling it in excel for the entire term as you'll be able to better visualize how IV has changed from the time you entered the position until now.

[webdev77]

OP, don't shoot the messenger but you aren't going to win this one. Brokers are absolutely allowed to margin call you whenever they want if they feel your account is a risk to them.

While we don't know what the rest of your account looks like, if you have any negative positions at all or a history of losses, they absolutely have the right to cover potential losses forcefully.

[pools closed]

OP, don't shoot the messenger but you aren't going to win this one. Brokers are absolutely allowed to margin call you whenever they want if they feel your account is a risk to them.

While we don't know what the rest of your account looks like, if you have any negative positions at all or a history of losses, they absolutely have the right to cover potential losses forcefully.

I understand they reserve their rights, but the nature of this margin sell out wasn't over a negative balance or me doing anything iresponsible. I had purchased a position on margin about 45 minutes beforemarket close that expired the same day (26th) planning to sell the position in the last few minutes of the market (because my account would not have enough cash on hand to excercise the all of the contracts I had just purchased and buy thousands of stocks), I couldn't because the sold it for me over 30 minutes early, a single 5m candle before it went parabolic. I have no confusion about them having the official right to excercise rights they've reserved, but it's pretty clear the type of dirty shit they do on a regular basis.

---

1. Definitely not insider trading on their part. Nor was it an anomaly.
2. Risk to the position is calculated using the implied volatility of the underlying. Something that is constantly changing. Therefore, you can 100% get margin called intraday when trading with the B/D's funds, or if you take on an infinite loss position.
3. You can stop margin calls by calling your broker when you enter the position, show them that you have the cash to cover up to a certain threshold somewhere else, and asking them to call you for a cash infusion prior to force closing a position. You just have to be ready to liquidate those funds at a moments notice and deposit them into the brokerage account as there is usually a very strict deadline.
4. If you're trading on margin outside of a margin account. ie. Funds you deposited within the last week which have not settled yet, the same applies. Basically you would need to be ready for a cash infusion through a method that isn't EFT. Something like a direct wire transfer, or sometimes even a cashiers check should be locked and loaded throughout the life of your volatile position.

You can technically file an official complaint. If you call your B/D and state that you would like to file one they will direct you to the proper channels. Per regulations official complaints have to be reported to the governing body. However, from the looks of it, you don't have ground to stand on. It was just a margin call, happens all of the time if you assume more risk than the cash in your account can handle.

If you'd like to see examples of the change in implied volatility, you can watch any number of videos or read any number of papers around calculating IV for American Options. Most use a modified version of the BS pricing model. I would suggest modelling it in excel for the entire term as you'll be able to better visualize how IV has changed from the time you entered the position until now.

>2. Risk to the position is calculated using the implied volatility of the underlying. Something that is constantly changing. Therefore, you can 100% get margin called intraday when trading with the B/D's funds, or if you take on an infinite loss position.

This was nowhere the case, either my position would end out of the money, in which case I would only lose the premium I paid for the positions (and the contracts would expire worthless), or my contracts would be in the money and I would sell myself before market close

[Guardians]

I understand they reserve their rights, but the nature of this margin sell out wasn't over a negative balance or me doing anything iresponsible. I had purchased a position on margin about 45 minutes beforemarket close that expired the same day (26th) planning to sell the position in the last few minutes of the market (because my account would not have enough cash on hand to excercise the all of the contracts I had just purchased and buy thousands of stocks), I couldn't because the sold it for me over 30 minutes early, a single 5m candle before it went parabolic. I have no confusion about them having the official right to excercise rights they've reserved, but it's pretty clear the type of dirty shit they do on a regular  basis.

---

Wow, thanks for finally answering my question that you purchased a call on margin. No wonder they closed it.

Also, its not "dirty shit," you just aren't aware. Sorry for your loss, but its your own fault.

[Bovril Coin]

haha i love a good "i got rekt, now i need to make em pay!" story please include more detail such as how much you got liquidated and how hungry you now are.

i suggest you re enter the trade on higher leverage you can always make it back! then let us know how that goes

Mucho Gratzi!

[TrueKings]

I understand they reserve their rights, but the nature of this margin sell out wasn't over a negative balance or me doing anything iresponsible. I had purchased a position on margin about 45 minutes beforemarket close that expired the same day (26th) planning to sell the position in the last few minutes of the market (because my account would not have enough cash on hand to excercise the all of the contracts I had just purchased and buy thousands of stocks), I couldn't because the sold it for me over 30 minutes early, a single 5m candle before it went parabolic. I have no confusion about them having the official right to excercise rights they've reserved, but it's pretty clear the type of dirty shit they do on a regular  basis.

---

>2. Risk to the position is calculated using the implied volatility of the underlying. Something that is constantly changing. Therefore, you can 100% get margin called intraday when trading with the B/D's funds, or if you take on an infinite loss position.

This was nowhere the case, either my position would end out of the money, in which case I would only lose the premium I paid for the positions (and the contracts would expire worthless), or my contracts would be in the money and I would sell myself before market close

Yes, you purchased a call option. And you purchased the option on margin. The B/D deemed that your play was too risky for them and shut out the position. Hence why I mentioned the need to be ready for a cash infusion at any time and talking to the B/D before entering a risky position on margin. With the risk associated with your play it makes total sense. Why would someone loan you money to essentially bet it all on black without knowing that you could 100% cover any losses that might occur?

[SavageAF]

You got margin called, it's really that simple. The fact you're trying to shoot down everyone telling you this is beyond stupid, if you can't meet the margin, then don't trade options.