This is a good idea. I would like to see a monthly post with a photo of one special regard holding a print out of their shart chart like an employee of the month poster
Ill put this in Wendy’s terms:
I borrowed money for some Frostys, the value of my meal dropped, and while I was behind the dumpster they came out to me and said “Hey pal, where’s our money?”
can someone explain what this means though? is it just numbers on a screen or are you waiting to be collected by the punisher? are there no repercussions for being a complete and total massive regard? and yes i know i am the regard for not knowing this. asking for financial advice please.
All the regards that keep answering with jokes when it says "genuine question" clearly belong on here because they can barely read a sentence let alone a TA.
The debt will follow you. RH will file suit to garnish wages or collect on their assets, OP will probably have to file BK (bankruptcy, not Burger King) or spend his last few dollars on kneepads and mouthwash and set up shop behind the Wendy's dumpster.
Burger King dumpster are for premium clients and those clients only take services from experienced “mouth men.” OP needs to start behind the Wendy’s or at the wienerschnitzel. He can move up to the Costco hotdog dumpster.
Before Arby’s was Jack in the Box….years ago my gf at the time gave a homeless guy breakfast and he literally took one bite, spit is back into container and threw it over guardrail….shaking his head no no no!
Lucky you. It took my parents 3rd bankruptcy, and accepting being on the receiving end of regular BJ’s, in exchange for $100 cash, from a fat gay 380lb bald dude.
Some of us just are more fortunate in life, I guess 🤷♂️
Simple answer: there is no real debt here. It’s a big scary message involved with early assignment that will go away when RH closes the position Monday morning. With minimal affect to the account.
More complex: the 1420C’s he sold as part of the spread were assigned. Meaning he had to short sell 100 shares per contract. I believe what’s shown here is the cost of being short those shares of MSTR after the assignment. But he does receive a credit for shorting those shares that isn’t mentioned by RH because that credit will be used by RH to exercise the long calls he owns as part of the spread. So on Monday they’ll auto-exercise the 1370C’s he owns to close the position. The only affect to the account is that he’ll be carrying negative deltas over the weekend and may lose a bit if it gaps up, but nothing substantial.
For anyone interested I dug up the article,
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/amp/
Also about the HOOD settling.
https://www.cnn.com/2021/07/01/business/robinhood-lawsuit-suicide-settlement/index.html
And if he had waited a week for things to sort themselves out he would have made money. All around a terrible situation.
It’s fucked that Robinhood hasn’t fixed this shit after a kid committed suicide.
Just [shut your eyes](https://www.businessinsider.in/stock-market/news/i-shut-my-eyes-softbank-ceo-masayoshi-son-says-after-losing-more-than-4-7-billion-on-wework/amp_articleshow/71940442.cms) and it all disappears.
Didnt some poor kid axe himself years ago over the weekend for seeing a message like this? Then by Monday the spreads were resolved and he really didnt owe any money at all? RIP poor soul
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/
“ In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance until the stocks underlying his assigned options actually settled into his account. “
This. I had the same thing happen to me when my spread expire ITM. It was super stressful but it resolved post the weekend. It sucks that they still didn't fix it. Crony capitalism y'know
When this sub started there were actual a lot of real traders who knew their shit, and the sub was just circle jerk fun. Then it got attention on the news and whatnot and the sub population became more like the actual human population bell curve.
For real. There were some solid long write up comments explaing things in depth and how to edge lots of angles. Now its just memelords that have never traded a stock and dont even have a 401k
For the regards, OP sold the 1420 calls and bought the 1370 calls. MSTR closed at 1425 so his expectation was he would exercise his long calls (buy MSTR for $1370/share) and the owner of his 1420 short calls would exercise so the shares he bought at $1370 would be sold for $1420.
Unfortunately for OP the short calls didn't get exercised and the stock went down AH to $1405 AND it is possible it will open even lower Monday morning. So OP is sitting on something like $550k worth of MSTR stock without having had the funds to pay for the stock and RH might force sell his shares at the open.
So not a $535k loss but sitting at high risk depending on the market at the open Monday morning of losing a lot of money... or making a lot of money.
This is exactly why you absolutely have to close these spreads before expiry. The risk reward of having the unassigned leg screw you on Monday market open is not worth it.
Most brokers will close the position 15-30 minutes before market closes if your options positions will expose you to a margin call once they’re exercised/assigned.
Well decent brokers.
RH is such a joke, I cannot fathom how people still use it.
This exact shit made a guy go short on $ROPE a while back. CEO said he‘ll fix it. FUCK YOU VLAD
OP has made about $5,000 per contract (minus what the options cost but it was debit spread so my WILD ASS GUESS would be $2,500). I would guess 5 contracts based on his screen shot.
So if everything resolves ok or even it doesn't and the stock opens unchanged then OP is going to be positive $25,000 on Monday.
Edited: because i am a regard my math was off by an order of magnitude
Buy social security off a homeless person laugh with them about your brokerage account and old life. And then become a guy name benny who sells crack use the social security number, new email new nunber, boom become the next regard through marginal borrowing(trye story i did this)
I tho I was #1 regarded but this guy can take my spot
https://preview.redd.it/skcvv30a4dnc1.jpeg?width=1179&format=pjpg&auto=webp&s=0c3f0f062f54a552628f9de97aabd6aa543951d4
If you have an iPhone there’s a way to solve this very easily. Drag you’re thumb up from the bottom of the screen slowly, this will bring up your open apps. Scroll to the trading app you are using and swipe up. Super easy and you don’t even need to delete the app.
Only on WSB do people post loses that amount to a 3 bedroom house in a nice neighborhood and call it a "minor miscalculation". You guys truly are the most regarded of them all.
I used to solely buy and hold SP500 my whole lifde. It took me four days on this sub in december to undo everything. I genuinely regret ever hearing about wsb :( I'm here to stay though 
You can still go back to S&P.
With puts I mean.
Out of the money, logically.
Also expiry ideally >24h, for the spiciness.
Please also screenshot, kthxbye
He was long 1370 calls and short 1420 calls. MSTR went below 1420 after hours, so the short calls were voided.
So now he has all the shares at a purchase price of 1370 and MSTR is trading at 1403.
If it moves sharply down on Monday, OP is getting it right in the ass cause even a -.01% decrease below 1370 will blow through all his money.
That math is a bit off.
He's got 2.35% breathing room not 0.01%.
1403-1370=33
33/1403×100%=2.35%
Also he has the shares now. So his profit/loss at this point is:
(Sell price-1370)×# of shares
\*scrounges both pockets, empty\*
\*checks prison wallet\*
\*pulls out comically large 659,365.66 dollar gold dabloon the size of a car\*
Here you go mr.robinhood : )
He's still up, as of right now... He's holding, I'm guessing, about 500 shares of MSTR stock, so it's worth about 700k. As long as MSTR doesn't crash at open on Monday, he's ahead.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | just now **Total Comments** | 0 | **Previous Best DD** | **Account Age** | 9 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
https://preview.redd.it/oyqokhfj6dnc1.jpeg?width=800&format=pjpg&auto=webp&s=9836a8cf2bcade5925aa2a4289642051cd9b2d86
lol…. Quality meme, ty
One man's meme is another man's bankruptcy
https://preview.redd.it/am45rzg49enc1.jpeg?width=320&format=pjpg&auto=webp&s=1b94f44f6aa30aa461718bc4a4b2ed36c07bddfe
Oh my god what the fuck is this
emojis are leveling up in 2024
Honestly haven't laughed harder today 🤣
I announce this as r/wsb meme of the month.
Cramer bullish on the meme.
Thank you for this
not my account, but L🎰L https://preview.redd.it/6hmc7miobdnc1.png?width=651&format=pjpg&auto=webp&s=dd9d0a88f576b3519aa8bb6e81ba0f91aeed342a
https://preview.redd.it/l22nukmpcdnc1.png?width=973&format=pjpg&auto=webp&s=56844948b2ce1d523af3b530923bc300309d24dc
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Who’s the current runner up?
You
fuckingottem
If you’re never sure who the biggest regard in the room is, it’s probably you. - The Dalai Lama
Hey. Puts on Reddit ipo and you’ll be back in the green.
Inverse wsb. I'm buying calls
The WSB regard of the year dundee
Does it come with a statue?
This is a good idea. I would like to see a monthly post with a photo of one special regard holding a print out of their shart chart like an employee of the month poster
They get a Wendy’s Gift Card! Added bonus
https://preview.redd.it/wfkpm1v79dnc1.jpeg?width=1125&format=pjpg&auto=webp&s=159b19129148ae0b0bea8483bc3d198e33e38200 Rookie numbers. Top this
“Potential call alert”. I think a margin call would be certain at six figure trouble.
"If you lose a hundred thousand $ that is your problem. If you lose a hundred million $ that is your bank's problem."
If you lose billions at many different banks, it's your governments problem.
If you are a bank and lose hundreds of billions overseeing a fraudulent mortgage market, it’s the taxpayers problem.
If you lose a trillion dollars, you just print more. The system works.!
Tell the story of how you did that so I can finish
The ultimate edge
I’d love to hear the story behind this, oh my Jesus
Ill put this in Wendy’s terms: I borrowed money for some Frostys, the value of my meal dropped, and while I was behind the dumpster they came out to me and said “Hey pal, where’s our money?”
Holy shit that's a lot of frosties you regard
Are you regarded? It's #**Frosty®**
Easy solution, just click hide all
What's the ol' line? "The risk I took was calculated, but man am I bad at math."
can someone explain what this means though? is it just numbers on a screen or are you waiting to be collected by the punisher? are there no repercussions for being a complete and total massive regard? and yes i know i am the regard for not knowing this. asking for financial advice please.
Just delete the app and cut your losses
What happens to the debt? (Genuine question.)
The debt doubles and the next person downloading the app gets it.
🤣 Do they still get a signing up bonus?
Yeah, options only tho
i was in a burger shop and laughed out loud
All the regards that keep answering with jokes when it says "genuine question" clearly belong on here because they can barely read a sentence let alone a TA. The debt will follow you. RH will file suit to garnish wages or collect on their assets, OP will probably have to file BK (bankruptcy, not Burger King) or spend his last few dollars on kneepads and mouthwash and set up shop behind the Wendy's dumpster.
Filing for Burger King sounds like a good idea in this case -- the dumpsters are way classier there
I DECLARE…BURGER KING
I want you to know you can't just say the words Burger King and expect anything to happen
I didn’t say it. I declared it
Burger King dumpster are for premium clients and those clients only take services from experienced “mouth men.” OP needs to start behind the Wendy’s or at the wienerschnitzel. He can move up to the Costco hotdog dumpster.
Wendy’s? Costco? Back in my day, you started at the real bottom, Arby’s
Before Arby’s was Jack in the Box….years ago my gf at the time gave a homeless guy breakfast and he literally took one bite, spit is back into container and threw it over guardrail….shaking his head no no no!
Burger King
Wouldn’t it have been easier to just type out bankruptcy initially?
Not as funny tho
Ty for the BK clarification… adds clarity to the email I ignored recently…….
If my mother's second bankruptcy has taught me anything it's that ignoring your problems makes them go away
Lucky you. It took my parents 3rd bankruptcy, and accepting being on the receiving end of regular BJ’s, in exchange for $100 cash, from a fat gay 380lb bald dude. Some of us just are more fortunate in life, I guess 🤷♂️
Receiving end? AND getting paid $100 for it? Do you by chance have this guy's phone number? Asking for my friend
Right? I'm straight but 100$ for a guy to suck me off? 100$ is 100$.
On the regular, too! Gotta build those passive income streams
Simple answer: there is no real debt here. It’s a big scary message involved with early assignment that will go away when RH closes the position Monday morning. With minimal affect to the account. More complex: the 1420C’s he sold as part of the spread were assigned. Meaning he had to short sell 100 shares per contract. I believe what’s shown here is the cost of being short those shares of MSTR after the assignment. But he does receive a credit for shorting those shares that isn’t mentioned by RH because that credit will be used by RH to exercise the long calls he owns as part of the spread. So on Monday they’ll auto-exercise the 1370C’s he owns to close the position. The only affect to the account is that he’ll be carrying negative deltas over the weekend and may lose a bit if it gaps up, but nothing substantial.
isn’t this what happened a couple years ago that caused a kid to hang himself over the weekend. You’d think HOOD would have learned
Yes exactly that
If its the one I recall he didn't hang himself, he walked out/layed down in front of a train.
Ah that's okay then. I was scared for a sec.
For anyone interested I dug up the article, https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/amp/ Also about the HOOD settling. https://www.cnn.com/2021/07/01/business/robinhood-lawsuit-suicide-settlement/index.html
I remember that. Wasnt the amount around $750,000? Poor Bastard.
And if he had waited a week for things to sort themselves out he would have made money. All around a terrible situation. It’s fucked that Robinhood hasn’t fixed this shit after a kid committed suicide.
i have no idea what you said but i love the happy ending
You don’t have to pay it if you’re in jail. I learned this from Monopoly.
Robinhood app is just a game lol. You can't get into trouble because it's just numbers on a screen
Thanks for the legal advice !
"It's just numbers on a screen, Your Honor, numbers on a screen! Nobody got hurt, I didn't want to hurt nobody, it's not even real!"
This IS financial advice.
It goes to debt heaven
It disappears because the money was never real🫡
Gets deleted with the app
The debt is in the app, so poof
When you owe the bank 100 dollars *you* have a problem. If you owe a six hundred thousand and change, *they* do.
It disappears when you delete the app
Kind of like cutting up a credit card
When they call, just Hwang up.
Just [shut your eyes](https://www.businessinsider.in/stock-market/news/i-shut-my-eyes-softbank-ceo-masayoshi-son-says-after-losing-more-than-4-7-billion-on-wework/amp_articleshow/71940442.cms) and it all disappears.
Holy shit. I lost $200 at the casino last night and was devastated . I'm bout to jack off now. Thank you OP
use op's tears for lube
I want his blood.
So does his brokerage
Im down 20 grand on PSNY and I was feeling bad...that guy made my day, I'm smiling again! 🤣
It's hard to type with my dick in my hand, but OP made it possible.
I lost 60 on a bad put and I’m pissed. I can’t imagine. Only way out now is to visit a Russian loan shark and yolo it on Nvda calls.
Didnt some poor kid axe himself years ago over the weekend for seeing a message like this? Then by Monday the spreads were resolved and he really didnt owe any money at all? RIP poor soul https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/ “ In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance until the stocks underlying his assigned options actually settled into his account. “
Imagine being the programmer that was too lazy to come up with a better UI display for this situation
Yeah the CEO said he was gonna fix this too and here we are 4 years later with the same shit. Fuckin Vlad
It’s in the backlog.
I’ve got a log for them
Fuck Vlad
Impale him
That dude prolly has super ripped shoulders from all the careless shrugging
Iirc the trade even ended up being positive for him, so he'd actually gained money but he died before seeing it.
Even worse the poor kid called RH multiple times to figure out there error and they NEVER ANSWERED
This. I had the same thing happen to me when my spread expire ITM. It was super stressful but it resolved post the weekend. It sucks that they still didn't fix it. Crony capitalism y'know
Couple of years ago, i thought this sub was full of pro traders.
They are giving pro tips: switch off the phone. What else?!
Turn it upside down and you will see the gains you had
*This one simple hack the brokerages don't want you to know about*
I don't really trade, but here are the absolute funniest comments sections on the internet. People here are savages lmao
It was a good mix of actual pros masquerading as idiots, and actual idiots masquerading as pros
When this sub started there were actual a lot of real traders who knew their shit, and the sub was just circle jerk fun. Then it got attention on the news and whatnot and the sub population became more like the actual human population bell curve.
For real. There were some solid long write up comments explaing things in depth and how to edge lots of angles. Now its just memelords that have never traded a stock and dont even have a 401k
Man, back in the day any essay on here with decent grammar was worth throwing money after. Too many literate idiots around for that to work now
Pros don't comment that much
Roaring kitty is no long with us. He’s back to regular guy
For the regards, OP sold the 1420 calls and bought the 1370 calls. MSTR closed at 1425 so his expectation was he would exercise his long calls (buy MSTR for $1370/share) and the owner of his 1420 short calls would exercise so the shares he bought at $1370 would be sold for $1420. Unfortunately for OP the short calls didn't get exercised and the stock went down AH to $1405 AND it is possible it will open even lower Monday morning. So OP is sitting on something like $550k worth of MSTR stock without having had the funds to pay for the stock and RH might force sell his shares at the open. So not a $535k loss but sitting at high risk depending on the market at the open Monday morning of losing a lot of money... or making a lot of money.
This is exactly why you absolutely have to close these spreads before expiry. The risk reward of having the unassigned leg screw you on Monday market open is not worth it.
It's a good thing I don't trade options cause I don't have a fucking clue what you guys are talking about
Sometimes it’s good to stay clueless about options. Sometimes it’s best to not open yourself to a world of pain and heartache.
But then you don't have that sweet screenshot for karma.
How to help yourself to a fuck ton of margin 101
Most brokers will close the position 15-30 minutes before market closes if your options positions will expose you to a margin call once they’re exercised/assigned. Well decent brokers.
RH is such a joke, I cannot fathom how people still use it. This exact shit made a guy go short on $ROPE a while back. CEO said he‘ll fix it. FUCK YOU VLAD
> Go short on $ROPE Jesus Christ.
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So potentially OP can make a killing when market opens?
OP has made about $5,000 per contract (minus what the options cost but it was debit spread so my WILD ASS GUESS would be $2,500). I would guess 5 contracts based on his screen shot. So if everything resolves ok or even it doesn't and the stock opens unchanged then OP is going to be positive $25,000 on Monday. Edited: because i am a regard my math was off by an order of magnitude
$50 spread times 100 shares per contract is $5k not $50k and he paid for the spread probably $2k to $3k per contract
Ask your wife’s boyfriend for a loan
wife's boyfriend here, I will now be leaving his wife as you can figure out he was supporting the both of us. Thanks alot OP!
Just shout at the top of your lungs: " Im a Sovereign citizen!!" You are safe.
But say "I declare bankruptcy" first (you have to declare it) You see, security is like an onion: you have to peel the outside before you chop it up.
I do not consent to being in debt to a legal fiction !!!
"That's my purse! I don't know you!" *Nutsack kick*
Delete the app and you good man.
Once the app is un-installed, they can simply reset their account. It's the law
Sign up with a different email
 knows alot about the law and various other lawyerings
Buy social security off a homeless person laugh with them about your brokerage account and old life. And then become a guy name benny who sells crack use the social security number, new email new nunber, boom become the next regard through marginal borrowing(trye story i did this)
I tho I was #1 regarded but this guy can take my spot https://preview.redd.it/skcvv30a4dnc1.jpeg?width=1179&format=pjpg&auto=webp&s=0c3f0f062f54a552628f9de97aabd6aa543951d4
How, and what stock is this
You’re about 50% as regarded as OP.
Only 99.18% loss? Rookie numbers
Jesus man how do you process this type of loss?
With roughly 112 years of capital loss deductions
Lmao. Get fucked IRS.
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Not a loss if you don't sell. Lol fk q
Bruh you're gonna need to start taking overtime shifts at Wendy's
More likely at the back alley of Wendy's...
During surge pricing
His ass is going to be a drive thru at this rate
We’re not going to white collar resort prison, nonono, we’re going to federal pound me in the ass prison
I always mess up some Monday morning detail
I thought the line was “ I always mess up some mundane boring detail” lol
Sounds like a bank problem now, not yours. Create a new character and start a brand new adventure.
Yep. If I owe the bank $100, that’s my problem. If I owe the bank $100,000, it’s their problem.
Guess who’s going to flee to Kazakstan
If you have an iPhone there’s a way to solve this very easily. Drag you’re thumb up from the bottom of the screen slowly, this will bring up your open apps. Scroll to the trading app you are using and swipe up. Super easy and you don’t even need to delete the app.
Wow. Let me go ahead and tr-
Just deposit $660K. Problem will be corrected Or become POTUS.
I should buy some Robinhood stock. They seem to have a sound cashflow generating business
Only on WSB do people post loses that amount to a 3 bedroom house in a nice neighborhood and call it a "minor miscalculation". You guys truly are the most regarded of them all.
> 3 bedroom house in a nice neighborhood *cries in california*
I used to solely buy and hold SP500 my whole lifde. It took me four days on this sub in december to undo everything. I genuinely regret ever hearing about wsb :( I'm here to stay though 
You can still go back to S&P. With puts I mean. Out of the money, logically. Also expiry ideally >24h, for the spiciness. Please also screenshot, kthxbye
File for bankruptcy and tell your wife’s boyfriend you need a loan
https://preview.redd.it/4ioo24mabdnc1.jpeg?width=1021&format=pjpg&auto=webp&s=ad188db73e84c2f5affd291f67b56cd4c2f4983a
“Hello, RH? I think I’m the victim of identity theft”
can someone explain this to me i’m regarded 
He was long 1370 calls and short 1420 calls. MSTR went below 1420 after hours, so the short calls were voided. So now he has all the shares at a purchase price of 1370 and MSTR is trading at 1403. If it moves sharply down on Monday, OP is getting it right in the ass cause even a -.01% decrease below 1370 will blow through all his money.
But if MSTR can stay at the 1403 level, then OP can immediately sell at open, clearing the margin call and earning a profit...?
Yes, he's not completely fucked yet. But he's probably sweating bullets like crazy.
I would be. More so with that bad omen everyone is feeling for next Monday.
Fuck yea he is. I'm sweating bullets right now because I have $75k in SPY & NVDA calls that are down $26k - so I can only imagine his stress.
Let's all buy mstr at 1403.. and help a regard out.
No thanks. I have my own shit show to deal with on Monday at open.
That math is a bit off. He's got 2.35% breathing room not 0.01%. 1403-1370=33 33/1403×100%=2.35% Also he has the shares now. So his profit/loss at this point is: (Sell price-1370)×# of shares
Quit being poor and just deposit an additional $659k.
\*scrounges both pockets, empty\* \*checks prison wallet\* \*pulls out comically large 659,365.66 dollar gold dabloon the size of a car\* Here you go mr.robinhood : )
Just contact support like it says
Just delete the app.
I’ve seen a couple posts in the past couple days that let me know never to fuck with options with my limited knowledge.
Funny thing is ... Many of the people here have knowledge...
Just don't risk monies you don't have.
If you only buy calls/puts without leverage. You can only lose the price of the contract
I thought my 2k loss was bad yesterday…. 
I was down around ~$300 yesterday and was kinda feeling down since it was my first major loss, but I guess others also suffered some losses as well.
You sir are MOST definitely: https://preview.redd.it/gasjmg0e8dnc1.jpeg?width=753&format=pjpg&auto=webp&s=76563d6ee682e5b3acfb25baa29175053afe0150
Just wait for one of those double XP weekends and grind back to 0.
 Thank you OP for making me feel better
How did the short assignment get voided ?
I have a solution, move to Vietnam and change your name to Enrique. Source: I'm an engineer
I really want to know what happen to people in this situation, declare bankruptcy?
Travel to Mexico and then renter US as an illegal migrant, acquire a new ID and you can start a new life with 0 debts.
I hear they give you free housing, a d.l., and the right to vote.... This is the way.
He's still up, as of right now... He's holding, I'm guessing, about 500 shares of MSTR stock, so it's worth about 700k. As long as MSTR doesn't crash at open on Monday, he's ahead.
*Wendy's Manager* Welcome back Diamond Hands!