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Assuming it crossed the strike price of the deeper put, it could be a few points OTM and right at expiration day or within a few days. so you are at risk at having a shit ton of stock put to your account and not enough equity to cover assignment.

I suspect a SHIT TON of contracts involved, picking up pennies in front of a steam roller and tripped in the process getting squashed.

LOL Well once the buyback money is done then what? All that repatriation ended up just going to buy back shares. :) Who will be there to make the market on the bid side?

https://www.usatoday.com/story/money/markets/2018/10/29/how-stock-market-doing-today-dow-jones-industrial-average-up/1806293002/ Wall Street took investors on a wild ride Monday, with the Dow swinging more than 900 points before closing down for the day. The Standard & Poor's 500 also shifted...

We touched 259.87 then back to 263's today on SPY there is fear and systems and people are stressed so you can expect more panics like a school of fish quickly switch directions at the signs of a great white.

Remember 8% drop in a day does not mean the market closes 8%. I am predicting an 8% dip intraday. We have much more volatility to come. BTW look at SPY today we had a dip from 270 down to 259.85. Do the math, computer trading etc.. showing signs of distress another flash crash coming within the...

Models completed just now, it predicts a single day 8% drop. My software does not do any trading, just prints out a list of trades with confidence levels assigned to them. Now its obviously not 100% and one reason I will quickly cut a trade that goes agsinst the thesis provided. No date...

Well all it takes is one day of enough trades to be flagged for PDT. I am flagged as PDT but no big deal, I do get a laugh at seeing my 4x intra day margin capability.

Good stand up folks helping that poor lady out.

I am a full time trader but not day trader. My earnings come from my trades. No need to trade every day or every week unless the right situation appears. Most of my time is spent planning for the trade, execution time is small.

Yup thats why I cut on oct 10 and took my lumps instead of trying to roll forward. Too many new traders make the mistake of thinking they can roll forward a losing position and hope to make the loss back instead of facing the music and re evaluating the situation.

That sucks, I hate to see fellow traders lose money, its not a laughing matter. 2 years is not enough experience to consider your self a seasoned trader. You sold too many spreads to try and make premiums in what you thought was low risk. The problem is black swans always come. You are better...

Curious how long have you been trading contracts? You have only one choice to do is cut before you lose whats left.

GE will end up selling that division to pay off debts like SHLD until they run out of things to sell.

Man I would have stayed the course, losses would have been severe. This is a perfect example why Risk Management should always be #1 Still Sitting on cash waiting for the right trade.

I see it crossing under. We are not done yet. Still sitting on cash waiting.

There were plenty of smokesignals leading up to this continuing trend. I see more downward momentum.

Well a company is not going to cut workers they need in order to sell goods and services for profit. They might have to cut down on less yachts or maybe not buy that mansion in paris etc..

I expect SPY at 252-253 in 10 days

Been on the sidelines since my 3K loss. Still sitting on cash.