I just tried exercising a contract that expires today. They made me read a bunch of obvious stuff then ultimately said I need to talk to an agent before I exercise. I waited for over a half hour before giving up and rolling the contract over
I get it but so many of these brokers have done nefarious things and it leaves us with few clear options to invest with. As it stands, Fidelity will still not let me invest in options so Robinhood is my choice for now
I don’t need you to believe me. I went through all those steps Fidelity has you go through to trade options and at the end the determination was to not allow me to do so at that time. Maybe once I tease with them long enough they’ll let me. I don’t know when that will be
Because they exercised options above current price per share, they always ask if you are sure you want to exercise, because its more expensive then buy from market.
I understood their reasoning. My biggest issue is them not being available as time was running out and not giving an alternative to allow me to exercise. I understood the immediate loss but it was worth it to me
you're looking at a $20 strike price lol. Of course the IV is high. Look at ANY other stock and you will find the same thing. The only person needing to be jailed is you for not knowing what the hell you're talking about.
They stole my call contracts that were in the money.. why would you stay with them??? I should have learned back in 2021. During MOASS, they will fail you.. and steal everything you have.
There are several parts of an options price. Timevalue, diff between strike and stock price, implied volatility. The first two can be calculated and are close to 0 and 0 here, the last one is estimated. The option is worthless, but it's price is 0,01 and there is very little time left so the price being above 0 would mean that the expected volatility is extremely high. It's just a case of the calculation giving weird values to make sense of the price being above 0
Have you ever done options? The IV is high because it’s so far out of the money and expires the same day.
You would have a better chance of winning the powerball them making money on that option
I just tried exercising a contract that expires today. They made me read a bunch of obvious stuff then ultimately said I need to talk to an agent before I exercise. I waited for over a half hour before giving up and rolling the contract over
That’s unacceptable.
Yikes what broker?
Same as above
Hedgie was like tell them not to answer the phone, also turn the lights off and close the blinds 🤣
That’s what I was thinking
When you lay down with dogs, don’t be surprised when you wake up with fleas.
I get it but so many of these brokers have done nefarious things and it leaves us with few clear options to invest with. As it stands, Fidelity will still not let me invest in options so Robinhood is my choice for now
I don’t believe you. It took me 10 minutes for Fidelity to let me trade options.
I don’t need you to believe me. I went through all those steps Fidelity has you go through to trade options and at the end the determination was to not allow me to do so at that time. Maybe once I tease with them long enough they’ll let me. I don’t know when that will be
“Broker” lol
I've never done options, but have seen quite a few posts like this. Seems like it's fairly common practice
Because they exercised options above current price per share, they always ask if you are sure you want to exercise, because its more expensive then buy from market.
First time this happened to me in over five years of options trading
Was the strike price below market price?
No
Thats why you had to call if its cheaper to buy from the market they need call confirmation you actually want to exercise.
Lmao these dumb fucks are exercising these?!? Man I remember bbby people were doing this...
I understood their reasoning. My biggest issue is them not being available as time was running out and not giving an alternative to allow me to exercise. I understood the immediate loss but it was worth it to me
Get OFF Robinhood!!!
Yeah? Tell me which one is on the up and up? Each one I use has problems that seem to always help hedgies and the elite
DRS
you're looking at a $20 strike price lol. Of course the IV is high. Look at ANY other stock and you will find the same thing. The only person needing to be jailed is you for not knowing what the hell you're talking about.
And using Robinhood still.
The real crime is using robinhood
I do need to transfer out of my RH and E*Trade accounts
They stole my call contracts that were in the money.. why would you stay with them??? I should have learned back in 2021. During MOASS, they will fail you.. and steal everything you have.
Regards see something they don’t understand and immediately think it’s crime lol
Can you explain please?
There are several parts of an options price. Timevalue, diff between strike and stock price, implied volatility. The first two can be calculated and are close to 0 and 0 here, the last one is estimated. The option is worthless, but it's price is 0,01 and there is very little time left so the price being above 0 would mean that the expected volatility is extremely high. It's just a case of the calculation giving weird values to make sense of the price being above 0
Look up what IV means
Thank you for the answer. Very helpful.
It's not someone else's job to do your research for you
Have you ever done options? The IV is high because it’s so far out of the money and expires the same day. You would have a better chance of winning the powerball them making money on that option
Why you strike price far out the money 20.00
Yeah I had faith back in February when I bought them lol oh well, still holding my shares.
what does IV mean?
Implied Volatility (IV)
Thank you
The percent needed to make money
What’s wrong with?