Because there's less liquidity to make a market. So it allows insiders to do what they always wanted to do with the stock to begin with. The low liquidity shuts out retail. That's changing to some extent with the internet. I believe some brokerages let you trade spy 24/7 like futures or forex (don't quote me on that, I just know it's expanded). Just like in 1980 when you needed to call a broker to place a trade for 45.00, then e-trade came along, now apps like webull and robinhood etc etc etc
Eventually there will be no after hours, especially for the big stocks. But for now there is.
Yes. His max risk on the trade was $225 plus the $19 in transaction fees. Robinhood is a bit strange on how they report your situation in the moment (and I have lost sleep to a HOLY FUCK e-mail at 10:30 PM) but the whole point of the spread is to limit the max risk to a known value.
The lesson here is: don't trade deep in-the-money spreads. The other side of that deal is someone who has a lot more money than you and will gladly pay you $674,775 for the privilege of collecting $675,000 from you.
Time to short more TSLA, PLTR and ARM.
Naked - no options.
Hedge with: GOOGL, MSFT, BYDD, TM
No way they gonna outperform those (and stay above 250.0 P/E) long-term.