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They're ignorant/uninformed.

He's in the ps. He's debit on the assigned put cash req and long the D2 put.

For those of you I haven't blocked. The risk is more than the req on the spread. It's the eventual cover at whatever price can be achieved to avoid assignment on the short, and the naked long put remaining after assignment. The assignment in itself isn't the risk, but the 5 lot long put that...

You don't understand any of it. I'm putting you back on block.

It's undefined after the close. Undefined in the sense that the risk is many multiples of the net liq. If he cannot limit out of the trade at 5.00 then he or TT will have to go to market. I saw an NDX 100 lot vert, 100-wide, with the short leg 300 ITM, trade at 68 on last trading day when the...

Why wouldn't you trade the equivalent call diagonal? It's liquid, has the same payoff AND you can carry it through expiration of the short leg. No exp-related fees or forced-trade. I suspect the offer is more than a penny so the dude won't pay up. He'd rather pay OCC fees.

OK, the reason that Chris emailed him is that it requires active participation by TT. They MUST cover it by the close at the market if he (OP) fails to cover the spread. It's that simple. What makes this maddening is that the fucking OP is too thick to understand what he's been told ad...

No. It's index. Can only be exercised at exp. They object to DITM spreads when an OTM equivalent spread is available which does not require an offset prior to the close. They MUST close him out before the bell or he will be holding the long option naked with no monies. Doofus' doesn't cover...

No, no. You f*****g i***t. No. You cannot require post-ex cash secured at the open of the trade, but! 1) There is no demand for the trade so facilitation will likely cost you MORE than the spread width to exit. To BTC. You HAVE to close the diagonal on LTD UNLESS you can carry the back end...

He begged off as I am not in Europe. I dodged a bullet there! ;)

Everything you've written on this site is inexplicably, wrong. That's quite an accomplishment.

He's prob the wealthiest on here unless Ed Thorp and @inandlong are still posting.

Which is aligned with the national demographic. It's why Dems win the popular vote by 8MM in 2020.

Sure dude, with his $500 net liq. And ofc you're wrong. He's trading euro-style indices. No early assignment.

Why would they reject it? 90% of flow would disappear if every order had to be cash secured when traded. Just STFU with this nonsense. Chris warned him not to trade DITM garbage that forces auto-ex and assignments. He used the term "uneconomical" and he was being polite at that. This is worse...

I was responding to wxy but you will suffice. You suck at this.

The dude is asystole. Brain dead. You can walk him through the assignment risk 100x and he'll still have some stupid conspiratorial comment.

bc you're stupid. Nobody is stating it bc it's stupid. Stupid.

The margin calc does not cover assignment and the resulting naked long put. Stop.