How did he managed to acquire 700k of marginable purchasing power?

[Anonymous No.19791987]

I have a feeling he had a credit spread execute. He likely didn’t lose 700k, he likely sold 700k in options, but bought options at a different strike to cap his losses and gains into a credit spread. Robinhood does not execute the long leg of the trade until the next day, displaying negative purchasing power to the user

[Anonymous No.19792017]

some anonymous said his account is currently in a positive

[Anonymous No.19792025]

>>19791987

[Anonymous No.19792084]

This is a credit spread on BABA I did back in December. Even though I only lost $20, the app displayed negative purchasing power.

[Anonymous No.19792187]

its a glitch he killed himself over nothing

[Anonymous No.19792296]

>>19791987
being able to exercise before expiry is fucking retarded and that's the core of the problem.

[Anonymous No.19792382]

>>19792187

[Anonymous No.19792486]

And this is why you never an hero. Dude fucking killed himself over a display that would’ve went away if he waited a couple days.

[Anonymous No.19792516]

>>19791987
another javascript victim

[Anonymous No.19792535]

oldfags, do you remember the Darwin Awards

[Anonymous No.19792549]

>>19791987

It's literally the reddit basedboi
Remember, that guy is the person posting about his robinhood puts and shorts. fucking faggots fuck off back to wall street plebbit

[Anonymous No.19792575]

>>19792549
U mad nignog

[Anonymous No.19792621]

GUH

[Anonymous No.19792642]

>>19791987
>>19792017
This is literally his account screenshot.

[Anonymous No.19792669]

WGN in Chicago is reporting it was a bug.
https://wgntv.com/news/naperville-man-takes-his-own-life-after-seeing-730k-negative-balance-on-investment-app/

[Anonymous No.19792685]

>>19792669
It's not a bug, it's how the app works.

[Anonymous No.19792689]

>>19792642
yeah and he's not -700k but he shat his pants when he saw this.

[Anonymous No.19792702]

>>19792575

go take out a 700,000 position with the 60$ your grandma gave you for your birthday zoomie

[Anonymous No.19792775]

>>19792685
>Screenshot of his Robinhood account shows negative balance of $730,000
>However, this was likely a temporary glitch before his options contracts settled

[Anonymous No.19792947]

>>19792775
Right. It's not a temporary "glitch". It's the actual state of his trades at that moment in time. It would have changed the next day. But at that point in time it was not showing anything unintended or anything inaccurate, he just didn't understand what he was seeing or what he was doing.

[Anonymous No.19792963]

>>19791987
>>19792642

Kid is a fucking retard and died for nothing.
Years ago I had SPY calls assigned in after hours session on a Friday. Account showed -$213k on Saturday. Called my broker and traded out of it in the pre-market that Monday. Only cost to me was a $120 fee to Schwab.

Do not trade with Robinhood.

[Anonymous No.19793072]

Robinhood isn’t free. You pay with your life

[Anonymous No.19793176]

>>19792642
>you're all caught up
bloody right

[Anonymous No.19793963]

>>19792963
Shhhh. Dont tell them that.
Let them eat shit and kill themselves.
I wanna pillage their stuff from the estate sales.

[Anonymous No.19794006]

>>19793072
Yes.

[Anonymous No.19794227]

>>19791987
J U S T
U
S
T

[Anonymous No.19794360]

>>19792535
I member

[Anonymous No.19794375]

>>19792621
HUH

[Anonymous No.19794450]

>tfw kys like /biz told you
never do it

[Anonymous No.19794975]

>>19792535

I remember, like it was only yesterday.

[Anonymous No.19795057]

Realistically, how would the economy be affected if we made options trading illegal for individuals? Don't think of yourself / greedily. Would it actually affect anything? I don't think people should have the power to make leveraged bets

[Anonymous No.19795203]

>>19795057
That’s because you’re a communist. You always probably think drugs should be banned and gambling too. A big fuck you for hating freedom. Kys