My worst fear just came true… went to edit a sell limit, hit the wrong ticker, just sold my MSFT calls for 11/21 for a 12K loss…I’m fucking sick

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I don't get it, and I usually get options pretty well. There are 225 contracts here, so like 22,500 shares. He can't be losing only $300. What am I missing? Edit: 22,500 * 30 = 675,000 Edit2: missed the $674,756 to open the spread. Got it. Thanks!

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He put himself in a position where he was forced to buy 22,500 shares of NVDA at $320 (which cost him $7.2M). His protection on the play allows him to sell 22,500 shares of NVDA at $290. So he's going to lose $30/share \* 22,500 = $675,000 loss. BUT, the money he earned from entering the play is $674,756. So most of that loss is covered by the initial sale. He's going to be out of pocket for $675,000 - $674,756 = **$244** Plus any interest accrued overnight on the 7.2 million dollar loan robinhood had to front him for the time that elapsed between being forced to buy at $320 and then turning around and reselling those shares for $290. Edit: he's also going to spend like $20-$50 on fees from the transactions.

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They were selling for 0.01 though, it was a good deal. Edit /s

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i hear this bs every year, look at the market cap of all companies 10 years ago. youll have 30 trillion companies ten years from now, remember this Edit, i just checked, in 2015 the highest market cap was for apple with 725 billion, people would have laughed at you if you told them 5 trillion companies will be a thing 10 years from now

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That’s how not you do credit spreads…your max profit is capped at .01 each…you will never gain more than that. This has to be dumbest play I’ve seen around here. You risked 2999 to make $1. Edit: actually op risked $1 to make $2999. I had it wrong but still dumb thought. He could’ve buy calls instead of sold puts

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Obese people screaming on social media about how they're gonna starve come Nov 1 is peak comedy Edit: i said this 6 hours ago, and it was downvoted like crazy lmao.bers are gonna lose snap benefits CONFIRMED hahaa

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Thanks now I want to hear the Art of Dying. Edit: opps A work of Art.

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just kidnapped a mexican @ICE i drink your milkshake edit: you're just jealous

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be careful, if you say something he doesn't like he'll just edit your comment https://old.reddit.com/r/announcements/comments/5frg1n/tifu_by_editing_some_comments_and_creating_an/

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