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/biz/ - Business & Finance

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27443533 No.27443533 [Reply] [Original]

Was this fucking real?

>> No.27443569
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27443569

>>27443533

>> No.27443661

>>27443533
yikes

>> No.27443691

>>27443569
Wait, how did they get that cat to do that?

>> No.27443711

>>27443533
He's an idiot. 1 call = 100 shares. Not calls. Also, he didn't buy them, he must've wrote them, or negative NAV would be impossible. Moral: don't touch options if you're either a newfag or <120 IQ

>> No.27443727

Will he get a bailout?

>> No.27443751
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27443751

>>27443533
Jesus christ the only hope this Canuck has now is to disappear and live with Eskimos

>> No.27443787

I wish I wasn’t lazy enough to make a green text version of the guy who sold those calls to him

>> No.27443820

>>27443533
unless he was using margin, i fail to see how he could get himself into debt by going long a call.
if the broker exercised the options on a loan but in between exercise of the option and sale of the stock then yea, but that would also require the broker to be a dumbass.

>> No.27443864

>>27443820
He bought contracts, not calls.

>> No.27443897 [DELETED] 

How is it $170 a day? Even a mortgage for 300k is only $70 a day

>> No.27443911

>>27443864
read the first sentence.

>> No.27443916

>>27443864
Calls are literally contracts

>> No.27443932

>>27443727
Depends how Jewish he is

>> No.27443934
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27443934

>>27443533
>RBC liquidated all my calls
Looks like he has picked the wrong RBC.

>> No.27443943

>>27443691
it's fake

>> No.27444060

>>27443916
it doesn’t matter either way, even if the poster though a contract was bunch of call options the same principle would apply.
i assume the error is just the brokers software being retarded + settlement timing.

>> No.27444103

>>27443727
if he had nigger/yellow skin then yes

>> No.27444187

>>27443864
The most you could lose is the premium. 570 strikes when they got released had massive premiums since IV was insane last week 100 contracts. Say at ~$85 premium (can't remember actual). (85*100)*100 would be 850k. Which again he probably shouldn't be cleared for that on margin

>> No.27444266

>>27443943
That's my guess too because if somebody ruined their life like this. My god

>> No.27444373

>>27443533
couldn't you declare bankruptcy and absolve yourself of the debt? assuming you don't have any assets they would go after during the court proceedings.

>> No.27444404

>>27443533
>6 hours of sleep isn’t enough

Yeah this is just an unfortunate smoothbrain

>> No.27444519

>>27444373
You could, but my guess is the kid had some assets, otherwise he wouldn’t have gotten so much fucking margin from his broker.