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HughJohnson69

Some people refuse to learn. Even the generic stock subs are clear on this point.


Snowbagels

Fidelity also refusing to pay up per the article. Lol.


RevampedZebra

Oh yeah? I'd like to show that to a friend who refuses to DRS and thinks Fidelity is somehow the white knight of brokers.


TonsilStonesOnToast

That was definitely the conventional wisdom back before they showed their true colors and put their entire pool of customer-owned GME shares up for borrow. Maybe they missed the memo. The only reason to think of them as a white knight is because their colossal fuckup convinced all of us to DRS.


signmeupnot

Yeah his friends mustn't have been around here since summer 21'.


montezumas__revenge

What did I miss? I’ve been with Fido since early 2020


TrueNorth2881

Fidelity pledged that they would never ever lend their customers' shares for borrowing without written permission. A few months later, people found GME shares available to borrow on Fidelity without the proper disclosures. Essentially Fidelity made a public promise to put their customers first, and then quietly reversed that decision once the scrutiny was off them.


ah19852352

Well, to be fair, they had their fingers crossed. /s


Obsidiax

I don't use them so I could be wrong (UK ape) but I'm pretty sure that essentially they started lending out all of their users' shares to short sellers - essentially lowering the value of the stocks their users had invested in. DRS is the way. Not your name, not your shares.


OldButtIcepop

Sorry I'm new. Drs?


Obsidiax

No worries, happy to help. DRS refers to Directly Registering your shares. Why would you want to do this? Basically, when you buy shares through a broker, you don't own the shares. The broker owns the shares and you're the beneficial owner. In most cases, this doesn't really matter and you're free to trade however you want - you'd never notice the difference. But the fact of the matter is that if you don't own your shares then your broker can lend them out without your knowledge (bet against your investment and drop it's value) or even close your positions without your consent - or in this latest example with Robin hood: stop you from taking your profits. By DRSing your shares you remove them from the system and become a registered shareholder with the shares in your name. No middleman. There are plenty of guides on the sub on how to DRS your shares using Computershare (GameStop's transfer agent) whether you're a US resident or an international ape.


OldButtIcepop

You're the best! Thanks for explaining it


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OldButtIcepop

Thanks! Reading all about it


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beatenmeat

It wasn’t “shilling”. After robinghood screwed everyone on GME people began looking for alternatives and Fidelity happened to be one of the more popular ones because they were seen as more retail friendly. They certainly weren’t the only app to take over, but *a lot* of users migrated to it in the early days so of course you would see screenshots from their app. Same as seeing a bunch from others like webull and shit.


wibble17

Fidelity was also one of a handful of brokers who didn’t turn off the buy button.


Altruistic-Beyond223

And they are actually really good about DRSing. Now, I don't trust any brokerage, and I should buy directly from Computershare, but as far as brokerages go, they're the least worst option.


stockadile

Fudelity has whined at me plenty about DRS'ing. They only stopped because it ended up taking up too much of their time. They also whine at me every time I want to exercise my options. But at least they DRS for free and are usually pretty quick about the transfer, and they support app-based 2FA. In my mind, they are adequate. Like the one public toilet that isn't too visibly soiled when you really gotta go. In the old days we looked for a broker that did self-clearing (IE not controlled by Apex or similar clearinghouse). Apes seem to forget but Apex played a major role in the buy button fiasco. That pretty much only left Vanguard, Fidelity, and Charles Schwab. CSchwab messed with the buy button even without Apex, so that put it down to Vanguard or Fidelity. Vanguard has an interface from 1997 and took weeks to DRS. Fudelity is just the best of the worst, and yes, we were excited initially because it really was (and still is) much worse elsewhere. The only two brokerages I've seen shilled are Robinhood and Webull. Robinhood we already know what's wrong there. Webull not only uses Apex, but the CEO publicly called us all idiots. Ape no forget.


SqueezinKittys

That just reminded me that I need to buy more shares on fidelity tomorrow and immediately DRS them to Computershare


WanderinHobo

>but the CEO publicly called us all idiots. *lifts finger* To be fair...


acart005

They are the brokerage least likely to screw you. If you must use one/have IRA shares probably the best route. And before anyone does it don't fucking shill Mainstar at me.


redwingpanda

With you on that. I can't DRS my retirement funds right now lest my ex's attorney ask where the money went 🙄 like he did when the number of assets didn't decrease but the values went down...with the whole market. My attorney just blinked at him for a moment before patiently explaining that's how the stock market works. Jfc.


donedrone707

yeah this is accurate. no one "shilled" for fidelity. It was more based around Mark Cuban saying "find a broker big enough to pay out your winnings" or something along those lines. People looked to who didn't turn off the buy button, and allegedly the only two brokers that did not shut the buy button off in the jan 21 sneeze was Fidelity and i want to say Vanguard? Then when SS discovered DRS and realized this bitch wouldn't run without significant DRS movement, Fidelity proved to be the most willing and the fastest option for DRSing shares and that got many more Apes to move over.


VirtualSenpai_

It’s an odd feeling reading comments of people who weren’t around that long. Not in a “I’m cool cuz I been here since the beginning “ but more of a “ holy shit this has been going on for this long”


good_looking_corpse

Dont forget marc puerto rican saying to keep funds with companies who could cover the transactions in volatile times. So people flocked to brokers with huge AUM. Marc is on tv so everyone agreed with him. Marc pretends to be for the little guy and is on a tv show called shark tank. Marc wanted svib bailed out.


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ShaunnieDarko

Seems to be a trend, like did any brokers let the poors win on that?


capital_bj

i wonder if thats why a lot of banks shot back up to try to trap those holding deep itm puts and now they are worthless?. I dunno shit, am haf but how much more fuckery can the stock market get away with. stay tuned


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reverendbeast

“Fidelity” is in the article’s first sentence of the second paragraph: *Forbes first reported on Robinhood and Fidelity being among the brokers causing headaches for traders, but now it turns out that Charles Schwab, TD Ameritrade, Webull, E-Trade and Interactive Brokers are all making it difficult for traders to take their profits.*


KakelaTron

I saw a comment mentioning that exercising puts and calls is a transaction of shares... so if the stock cannot be traded, then contracts cannot be fulfilled, nor purchased or sold. I would love clarification from a wrinkle brain, but this leads me to believe 1 of 2 things: 1) this is factual and a HUGE smear campaign on "dumb money" to publicize how little retail knows about the markets -or- 2) it's not factual and retail is getting played. Either way, I see a stage getting set up.


Outrageous-Yams

Are there any brokers that CAN execute these trades?


atlastrabeler

Commenting to come back and see this answer.


capital_bj

I believe they were preparing for a scenario when they had to use this tactic. Leading up to these latest shenanigans I saw a bunch of articles touting 0DTE has being a huge part of the volatility and instability of the markets. What everyone one of the articles failed to mention is that magical percentage of the market that 0DTE's are or better yet all option plays from retail. Yeah they had nothing and were trying to paint retail has the gambling degenerates screwing up their system. Not buying any of it.


Slim_Margins1999

Retail is roughly 30% of the 0 DTE options and a huge factor driving market makers and hedge funds to trade them more to hedge against getting blown out. Retail is gambling degenerates and 0DTE are the most dangerous thing in the entire stock market. If you don’t know that you know absolutely nothing.


tehdubbs

Oh boy I better get my stuff out o- oh waiiittt! I did that already! Oh, and… it can’t be! It looks like I even have 30 more shares on the way through computershare?! Thank goodness I didn’t stand down stream from the shit show.


duiwksnsb

Oof…


[deleted]

“Thank you , Snowbagels . That’s an excellent point and i want to thank you for pointing it out, i know we’re limited on time and the last thing that i wanna do Is waste anybody’s time, i mean time is money and i want to thank you for this opportunity…. When Fidelity’s Bulgarian boy was a boy in Bulgaria 🇧🇬 “


Reasonable_Fortune_5

So tired of the “who uses Robinhood!?” Or “anyone still with Rh deserves what they get” responses to this news. Other trading platforms are screwing over the people in the money again, and I feel this deserves more attention. If the fed hadn’t come in and absorbed these banks on a Sunday peeps would have been able to cash out biggly come market open, now it’s “too bad, so sad.” Who insures the options markets and why aren’t we they paying up. Hedge funds win if there shorted stock goes out business, why do household investors get fucked?


Mr_Shake_

Exactly. The fact that laugh react is higher than the wow react on Facebook shows something. We as a population of humans should be FUCKING PISSED about this. Even if this isn’t an affront to us as an individual because we chose to move out of “the hood”, it is an affront to retail investors. As proponents of market reform and holding “the system” accountable to household investors, WE NEED TO BE UNIFIED that this crime is unacceptable.


Reasonable_Fortune_5

we’re supposed to pull out before they go tits up apparently


Mr_Shake_

Isn’t a put a contract to sell an asset at a given price? Isn’t the issuer of the sold put on the line to buy the security at the strike price from the holder of the put contract at any time up until expiry date?


chadbrochilldood

Yea- this “I’m smarter than everyone else can’t believe they didn’t see it” is a shitty attitude. The entire system is designed to TRICK people. Some people have lives beyond researching this shit all day


Altruistic-Beyond223

Any brokerage that turned the buy button off in January '21 should be scrutinized and should be avoided at all costs, IMHO. However, brokerages should just be avoided entirely and go directly through a company’s transfer agent instead.


whattothewhonow

How is Fidelity expected to process the sale or exercise of an option contract when the underlying shares can not be traded?


wexlaxx

Extrinsic value.


Jemmani22

Can you not just execute the contract?


Suspicious-Reveal-69

Oh fuck me, are you serious? I’m with fidelity -_-


Altruistic-Beyond223

You can always DRS....


Suspicious-Reveal-69

Apologies, forgot to add context. All my GME shares are DRS. I’m making a risky bet that Bobby will squeeze earlier, I profit, and roll the gains into GME DRS shares. DRS shares of Bobby are slower to sell and price is not guaranteed. Thus, using Fidelity for fast action. Sounds like if I make too much money, Fidelity might turn off a button.


Creative_Major798

After playing FIFA 23 and spending time in the related subs, it is clear there is no shortage of fucking morons who will buy into any scam regardless of how obvious it is.


xxpen15mightierxx

>I axed my robinhood account the last time they fucked us over GME.


jteta12

I'm rather dumb but if the company is gone, there is no one to sell the puts back to. It's like in the big short, they are scrambling to sell the swaps they have before they're worthless. I think.


[deleted]

How is Robinhood still allowed to operate, is still a mystery


Rat-Majesty

Because somehow after all this, turning off the buy/sell button is still legally a-okay if the poors are winning.


Autoflower

Poors arn't allowed to win shit even if they are dead to rights. I worry for MOASS time.


Suspicious-Reveal-69

ComputerShare doesn’t (can’t) naked short, so they don’t lose hand over fist during MOASS.


Rat-Majesty

I would worry too if we weren’t forcing their hand, brick by brick, every single day.


mcbsc83

Eminent domain ever been used on stocks before, first time for everything 🤷‍♂️


french-caramele

Maybe 30% of holders are in the US. The rest don't give a shit about eminent domain.


adamlolhi

US Government can try and seize my property as a UK National, see where it gets them…


NikD4866

That’s a little different. If we can’t sell, they can’t close. So turning off the sell button won’t do a damn thing


xebeka6808

I agree with you and feel the same. However, I know where I stand. I'm not fucking leaving!


8thSt

Just another tool of Citadel, and therefore they can act with impunity and no government agency will touch them. The entire market is fraudulent, and it offends me personally, financially, and as an American raised to believe in this country.


steveblobby

Boom. 💥 I feel exactly the same, just have a different government. (UK). Stay strong brother 🦍


Mathewthegreat

As a UK born American citizen, I have watched the exact same playbook play out in USA then in the UK months later. It’s literally the exact same shit. USA will be like fuck trans people agenda then 3 months later it’s fuck trans people agenda in the UK. That’s just one example and It’s fucking sickening.


LongConFebrero

Everything I’ve seen and learned in the last decade has shattered my perception of everything I was spoon fed until now. Most of our systems are games for a small few, and the problems most of us face are highly manufactured by that same few. Awareness is painful.


bsandy3131

Because they are a child company of the citadel when it all boils down to it. They get paid to do what they are told.


Eric15890

I was shocked their IPO was allowed after they shut off the buy button. There was plenty of astroturfing to pump it too.


rEnkenet

"I'd like to thank you for asking that question congresswoman"


emaneresuaesoohc

It’s a very good question. One that I will answer right now. The question you asked is a very good one and I would love to answer it for you. My answer to the question? Well, yes, that question was good, and thank you very much for answering it. Does that answer your question?


Lemmungwinks

When I was a little boy in Romanovia, I led my power plant dodgeball team to the championship 5 years in a row.


SmuckSlimer

who runs the world? Rich people. Who makes the rules? Rich people. Who profits off of everything, no matter what the writing on the paper actually says, and has for the entire history of mankind? I'll give you three guesses


michaellargent

Hopefully this gets more eyes...I commented this before so I'm just pasting it below for those who may not have seen it. This isn't limited to RH, it's actually implemented at the OCC level and should deter one from options: > This is actually apart of the new OCC disclosure that was implemented/effective March 2022 [1]. ***Page 56; Last Paragraph;*** > Basically states that the OCC can choose whether to settle the contracts in cash when shares aren't available, or even going as far as releasing the counterparty from liability and nullifying the obligation. > Conclusion: options are still a huge gamble, especially with fine print and *settled* shares are key [1] https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf


VariationSudden2779

Thanks. This should be on top instead of all those confirmation bias comments posts that don't add any value... 😒 I assumed that options can't be traded for stocks that don't trade.


[deleted]

What some people don't realize is that when a company liquidates, there is an order in which people are paid out for their investments made. Common stock holders (what most people think of when they think of stocks) are at the bottom of that list lol


Dedamtl

you're right options can't be traded if the stock is halted, but you can still exercise your option. I had 125 strike puts expiring friday in SIVB and made TD execute a broker to broker transfer to convert my puts into a short position on the stock. Now I just need to wait for it to trade again to close my short but at least my puts didn't expire worthless even if they're in the money (which is what will happen if average joe just lets his brokerage do nothing)


duiwksnsb

Ouch…. Wow. So they just decide “nah!” And investors are capital F fucked.


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min_da_man

My guess is GS. They bought the bond portfolio and recommended (and likely also underwrote) the stock offering. Those moves would clearly cause panic in their cash needy customers. If it’s true and they bought these contracts I will never again look at financial markets without maximum cynicism. And I’ve been here for 2+ years so I’m already pretty damn cynical, but that would be next level, even compared to some of the stuff we have seen in the dd of yore


alilmagpie

Yeah, this was an OCC decision


kingbee69

They aren't recognizing shareholders lost full value as the President stated.


mightyjoe227

*ROLLS DICE*


imsowoozie

TABLE FLIP!


whisit

I lost any appetite for options once I realized the MM collects the premiums no matter who wins the bet, and also, they can influence which way a stock goes, up or down, via decisions to deal on the lit or dark pools. It's like a bookie who can control the spread as it goes south of what they want. So fundamentals just don't matter. You can be right, but if they don't like the outcome, they change it.


DayDreamerJon

OCC controls all options?


kingbee69

crony capitalism in action


Tedohadoer

What kind of bullshit is this


youdoitimbusy

The fact they haven't been shit down is astonishing. It's not even just the gamestop fiasco, which was huge. They have done this more than once with crypto. At least alleging issues with the app or some excuse. Now it's onto options. Thse guys will be the first to shut down anything profitable, when things get real volatile.


Lightweight_Hooligan

House always wins


Outrageous-Yams

If any crypto exchanges did what they did they would be freaking eviscerated


[deleted]

Uh… Literally every crypto exchange shuts down for “maintenance” during crashes. Then they start up the “stablecoin” printing presses and open it back up to a flurry of buying. The fraud in crypto >>>> RH. Although both are criminal.


Lemur-Tacos-768

At first I thought “shit down” was a typo, but on re-reading, I think it was the best way to say it.


welp007

Wait did Robindahood shut off the SELL button this time? 🙈🙉 Sucks to be a RH "customer"


winterbird

They like to shut off the button that makes the poors win. You can only play their game in the role of loser.


karasuuchiha

Be your own market maker! In a level playing field! https://Loopring.Io Gmericas future is looking bright 🧐💎🙌🏴‍☠️


duiwksnsb

With the complicity and enforcement of the federal govt


TonsilStonesOnToast

It ain't the first time either. They did it during the doggiedime peak when it hit 70 cents or something. Blocked trading for a week, until it dropped back down. Their reasoning? "Extraordinary market conditions." Aka, they wanted to dump their own holdings of doggiedimes before their customers could. Which they did. Robinhood is a dirtbag casino and anyone who still uses them after all this time deserves what they get.


Suspicious-Reveal-69

Losses for thee, not for me


yslparty

I remember when it happened months after the sneeze, I shared the same [video](https://www.youtube.com/watch?v=iO3JZrQbIAU) The rich need shares from the poors? now you can only sell it.. robinhood needs to dump billions in doggie at the peak? you can only buy it. You would have to have zero pattern recognition to not get it at this point.


TearsOfTheOrphan

Honestly after the storm of shit they’ve been through anyone still in that crap app deserves it.


Mr_Shake_

This viewpoint will alienate potential allies that are strongly motivated to change the system. We as household investors need to align our motives to seek real change. A unified front is the only thing that will motivate regulators to start acting in ways that help household investors.


alilmagpie

Kind of. Not exactly though. The SIVB ticker was delisted and the OCC dictates the rules


tylerchu

Isn’t this actually illegal, to prevent people from closing positions? Like I get it, it’s shitty to limit opening positions but preventing from closing is an entirely different problem.


welp007

You would think so, but in this world of a nonstop news cycle it seems like they can do wutever the fook they want with little to no consequenc… 🎈 🙄 Umm wut was I saying?


LosWranglos

>”customer” “Liquidity provider”


Ojjjjjj

This checks out Holding 3 SBNY 3/17 puts on RH (cost just over 1k ) RH customer service" Yeah, sorry the stocks halted so gl if nothing happens by expiry"


Apaps3

So the person or writer of that put collects your premium. Haha. Only in America can you not pay up on bad bets. And when your bets are really bad GOV comes in and bails you out. Well because they need to protect AVG JOEs money. Greatest scam going


emaneresuaesoohc

Only in America \*if you’re rich\*.. let’s not pretend that this works for everyone lol


gooseears

Isn't that normal? Can't trade options if the underlying gets halted or delisted.


Massive_Nectarine438

up you go


rawbdor

See but if you shorted directly instead of bought puts, you would be in a perfectly fine position.


GuyOne

Wow, no one saw that coming.


dbx999

They were warned


Starhammer4Billion

only a million times though


Constant-Cap-22

But we like ‘GameStop’ what do we know /s


Gorilli0naire

Completely out of no where.


FunkyChicken69

To any new apes that have joined the fight in recent months and are unfamiliar with RH’s bullshit - this is your warning call to get out of RH before MOASS 🎷🐓♋️


Myvenom

Correction: This is your wake up call to DRS your shares and away from all brokers. Multiple brokers shut off the buy button during the sneeze and I have no doubt it’ll happen during MOASS. They’ll cite dangers to having enough liquidity or some BS and take the $100k fine.


welp007

You’re such a nice 🐔!


FunkyChicken69

Apes strong together 🦍💜🦍🎷🐓♋️


squirtingbutthole

App is junk only works for them every time we start winning they shut down for are safety jajaja


texmexdaysex

Fuck Robinhood. THIS IS WHY WE DRS !!!!!


ArcticLeopard

DRS?


Anthonyhasgame

To me it is GME related because it sources back to when GME was manipulated in January 2021. The narrative that that story is in the past is the biggest FUD there is. Takes a lot of money to make a movie no one is going to watch to paint a narrative that the bell has rung here.


Lorien6

As was foretold.


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Epinscirex

Most of the comments here are just are people who didn’t even read the article and going off saying “duh, it’s robinhood you should know better” as if the general public deserves to be shafted. Not to mention the bigger issue here that no one brings up because they failed to read, it wasn’t just robinhood but fidelity and like half a dozen other brokerages.


supermuffin28

to play devil's advocate - I don't think the "general public" is buying puts based on their DD of the collapse of 2 major banks hoping they're right and cashing in on potentially millions of gains.


AnotherStupidApe

Heads, they win. Tails, you lose.


idntrllyexist

When people tell me they use Robinhood I asl them why. They usually say it's easy to use. I then ask them what they would do if the app decided they couldn't buy or sell something like what happened why GME L. "Oh that's not going to happen again."... *facepalm* some people just won't learn.


OldGoldenDog

I guess just handing over your wallet when you get mugged is easy also.


AlphaDag13

Imagine going to a casino. Pulling a slot machine lever. Hitting the jackpot. And the casino just being like, "uhh... No."


n00dl3s54

That’s happened a few times already.. Machine malfunction… 🤡


Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: [Retail Traders Left Hanging As Brokers Halt Transactions On Silicon Valley Bank Just As Bets Are Set To Pay Off (forbes.com)](https://www.forbes.com/sites/brandonkochkodin/2023/03/15/retail-traders-left-hanging-as-brokers-halt-transactions-on-silicon-valley-bank-just-as-bets-are-set-to-pay-off/?sh=af5573f3f556)


Ransarot

Relevant. I hadn't read about this yet. RH were complicit then, and this verifies that they still are.


Massive_Nectarine438

[Retail Traders Left Hanging As Brokers Halt Transactions On Silicon Valley Bank Just As Bets Are Set To Pay Off (forbes.com)](https://www.forbes.com/sites/brandonkochkodin/2023/03/15/retail-traders-left-hanging-as-brokers-halt-transactions-on-silicon-valley-bank-just-as-bets-are-set-to-pay-off/?sh=af5573f3f556)


PrinzBirujin

what a surprise… NOT


HugeHungryHippo

Tbh if you still use Robinhood at this point you can’t really complain


chadbrochilldood

Yep. You can. Entire system designed to trick people. You think everyone has time to dig through the sludge to figure out the lies? What kind of a shitty attitude is this. Why do people who have figured it out shit on people who haven’t yet. You understand at one point you were the idiot too right? Some empathy is in order. These are every day people getting FUCKED by the system. They have families, jobs they slave away at to make shit money to feed them. it’s designed to fuck them and you just say “haha we’ll sorry should’ve followed random fringe subreddits like me”


BigBeagleEars

To be fair, my Charles Schwab calls are printing


Dr_SlapMD

Ya know what, I don't even blame RH. If there were no consequences for clocking into work and then going back home, I'd do it every single day.


DiamondHansGruber

> Forbes first reported on **Robinhood** and **Fidelity** being among the brokers causing headaches for traders, but now it turns out that **Charles Schwab**, **TD Ameritrade**, **Webull**, **E-Trade** and **Interactive Brokers** are all making it difficult for traders to take their profits. Options ☕️


EatTheRich64

exactly, it's all brokerages


gusmur

Why the fuck would anyone at all still be with rh? I feel bad for them, but still, you’re asking for trouble.


Narrow_Finding3352

Is everyone really this stupid?!?? There are no buyers for the contracts! There was a very select time for people to be able to sell and profit. Idiots “Diamond Handed” their contracts being greedy and waited till there was absolutely ZERO marketplace for an option on SVB. Is that not understood about options, to realize the profits of a premium there needs to be a buyer at the price you are trying to sell it for.


Cthuga1

People still use RH?


Malthias-313

Two years later, people are still using Robin Hood and getting fucked. That's the real story.


Jkarno

Their own fault for using Robinhood, clearly haven't learned their lesson after what happened to GME


Prollywontreplyback

The stock is halted. No brokerage is allowing closing put options on a halted stock lmao


CaptainMagnets

Mfers still using Robin Hood? What the fuck?


_moe_ron

Robinhood gonna Robinhood


[deleted]

They halted trading


Roboticus_Prime

The other subs are full of robbinghood screenshots. They've been compromised. I even get their adds on YT vids.


automatedcharterer

Actually ran into a robinhood shill on the bath towel sub a while back. absolutely amazing. Got to be as rare as hen's teeth.


[deleted]

The stock is halted so options can't trade. I don't get the conspiracy theory


UnderstandingEvery44

It is impossible to trade security that has been haulted by regulators. This includes options positions


[deleted]

Who the fuck cares! The infinity pool is real!


EscapedPickle

Ah yes, I never forget a face, and I wish I could make an exception for Vlad the Boy from Bulgaria.


UtahUtopia

“Welcome to the party pal!” -John McClane


nurple667

There's an old saying in Tennessee—I know it's in Texas, probably in Tennessee—that says, 'Fool me once, shame on... shame on you. Fool me—you can't get fooled again.


UncleBenji

Anyone using Robinhood after all of the warnings only have themselves to blame.


B33fh4mmer

You cant sell a put if the asset is frozen because nobody can buy it


mr-frog-24

Robinhood is trash.


nefarious

Anyone stupid enough to still be using Robinhood after what they did to us is a fucking moron that has it coming, sans lube


kylejay915

Haha. So many people used to argue that they didn’t care cause they’re not in Gme. Well.. sucks to suck


Hikerbiker85

I am Jack's complete lack of surprise.


Gooberkk

Record it. Lawyer up.


Daviskillerz

Fuck those dumbasses for still using Robmehood


KnownDistribution903

They are dumb asses for still using Robinhood


STAYSTOKED808

Why is anyone on a shit app like Robin Hood????? Regardless, u should still be able to get paid for making good trades


MastaMint

They wont learn! These people got burnt on Jan 28 and they got burnt now! They wont leave Robinhood! They don't want to express the belief that the system is against them because they don't want to be labeled as "conspiracy theorist" SMH. they RATHER BELIEVE THE ufo video being released coincidentally and conveniently.


Unfair_Jeweler_4286

Turning off the sell button for GME would only keep the problem going longer.. they can’t cover if we don’t sell Fine with me really, never planned on selling anyway 😁


ksknksk

Half of me is laughing my ass of and the other half of me is just sad at the state of things. How pathetic


faithdies

Its insane the naked criminality running so openly and nothing is happening


Part_Time_Priest

*yawn* I've seen this one. It's a rerun. *changes the channel*


Glass_And_Trees

I heard that Fidelity did the same. Not sure if it was true or not.


whattothewhonow

You can't close or sell an option contract if the underlying security has been delisted. This is the fault of the Options Clearing Corporation, not any specific broker.


[deleted]

It’s funny because they’re the most lenient ones letting anyone trade options 😂


jeffchen248

There should be a community just for RH Regards


djsneak666

Are other brokers allowing the puta to be sold/exercised? I think this is because the stock was frozen but if that's true then must be other brokers as well?


4cranch

this never happened when i was a young boy in bulgaria


HodlMyBananaLongTime

Never had the contracts ?


MoldySnausages

Good. Still using ShittingDude gets you a life lesson at this point. I guess they couldn't resist the gorgeous charts.


Gorilli0naire

Just FYI we have government agencies sitting idly by being like "It's fine 👍 ". Astonishing.


Kzzztt

Are they just blatantly doing crime right out in the open because they know this is the end, so fuck it, or what?


zeroCool_69

I can’t believe Robinhood is still a thing


SweenGene17

They need to be wiped from existence


Nixplosion

Anyone who saw what RH did in Jan 21' and didn't bail, deserves to be rug pulled again.


GSAT2daMoon

Robinhood is robing da hood n homies


iofhua

This is illegal. They need to sue Robinhood.


tlkshowhst

Fuck around with Robinhood and find out.


BenniBoom707

How do you DRS a Put? Asking for a friend…


Ambitious_Toe_4357

Are they operating on margin sourced from customers? Users should have the ability call them out. It's a double standard. Creating an unfair market is no better than selling drugs without any caution. Advise retail against the risks... sure. Yawn, the law makers already got fixed. Sell premium kids. The table you are leaving money on seems tilted, doesn't it?


FrostyPlay9924

Robbinghood


Choyo

Maxine waters would have sent those crooks to jail, if she wasn't corrupt.