/biz/ - Business & Finance

Friday pump fucked me on fidelity, turning $1m in spy puts into $500k but I fomod into lqd and Dow puts (rh doesn't let you have more than 3600 spy options contracts right now) with the $300k cash I had on Robinhood soon after the pump started, think I ran out of money before even halfway through the pump

I don't know how lqd works, I'm just guessing that companies will go out of business and be unable to pay their debts and somebody told me lqd includes a lot of company debts ("bonds"?)

Got $100k sitting in fidelity. It was unable to be traded but now I'm wondering if I should try to put in an order for $100k of spy puts and hope they get filled at market before the dump