This is interesting, I had similar assignment just before midnight, and seeing the assignment message dated 12:01 AM now, and at 3 AM long puts has been assigned. Does it mean I will pay 1 day of margin interest for $133K?
https://preview.redd.it/mf7h3m9iziyf1.jpeg?width=1290&format=pjpg&auto=webp&s=01dcdf7df7906b9f0e395d842222828a233ea209
You have it backwards.
He got paid 29.99 per share to hold the 30.00 spread for 6 weeks.
If the stock goes over 290 in that time frame, he starts to profit because he is holding a smaller spread. If it goes over 320 he gets to keep all the money.
At least, that's what he was expecting. Instead, somebody decided to pay $0.01 in order to sell their Nvidia now for $320 which forced him to buy them at $290 to cover.
predictions market is a simple yes/no contract that you can trade anytime before the game ends. Normal sports betting involves a lot more robust bets on scores or individual players. I'm a simple man and I let my yes be yes or my no be no lol example; 70 cents xyz team wins pay out 1 dollar or 30 cents abc team wins pay out 1 dollar. You bet on the underdog, midway through the game the underdog has a massive overturn and is leading! so the contract prices flip. You flip and lock in a profit or you hold till the end in hopes that they stay ahead and you get your full payout. I have been betting against Texas this entire time and won flipping contracts when mississippi upset midgame....I should have sold everything in that moment or bet that Texas might have a huge comback as the contract dipped from 80 cents to 4 cents texas win. Instead I sold most of my bag for a smaller win and let the rest expire worthless.
How often do you think people actually do stupid shit but fuck up so hard that RH has to pay for it?
Or does RH have retard insurance they bought from some other company?
One reason why I could never get into HOOD is because of all the retards here doing dumb shit and finding infinite money glitches. Anyways, HOOD at 130B market cap when BLK is at 168B makes 0 sense but I might have bought into HOOD probably 6-12mo after IPO if it wasn't for WSB. Personally I think it resolves with BLK market cap going higher or HOOD stagnating or going down.
Yeah same here, i have a 10k sized hole in my pocket from the zuck. They expire on 11/21 and some expire on 1/17/2026 so i have a couple of weeks for them to pay out. Heres hoping for a gap up by next week buddy