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Buying Power is separate from holdings and is update instantly. The value of an option position is not added to the buying power. My guess he had about $16,000 cash for buying power, plus the margin. $16,000 x 3 = $48,000 He is assigned about $777,000 worth of AMZN stock. $777,000 - $48,000 =...

I'm 95% sure you are a woke liberal caucasian guy.

I didn't find those posts to be racist/ignorant or hate speech. I recommend you subscribe to Anthony Brian Logan - His narrative is similar to Corky5. https://www.youtube.com/user/aloge

Enjoy your trip and forget about trading.

Robinhood suicide story -- My educated guess on the trade As far as I know the actual trade hasn't been revealed, but some details are out. So based on those details I would like to take an educated guess on the trade. I am guessing on the strikes, but I think they are close. Account...

That's correct ..... and my posts supports your decision to stay in the trade.

No it is not Newbie thinking. Due to the volatility of options maximum loss on long option trades should 100%. What is down 90% can go up 1000%. No reason to lock in a 90% loss.

Adding (buying or selling) to a losing position is a stupid suggestion.

I would stay in. Options are very volatile and 50% daily moves are the norm.

Elon Musk would be a good investment. He is #1 for most likely to be first trillionaire.

I don't think the short leg was auto-exercised - it was exercised early by the buyer on Thursday June 11, the day before expiry. This is what I think happened: Wednesday June 10 He sells 3 AMZN OTM June12 credit put spreads. Thursday June 11 AMZN drops $100. The credit put spread is now ITM...

@TheFoot After reading your replies on this thread it is clear that you still don't have a clue about options. And you have little hope of every understanding them. Perhaps it's better to move onto something else.

Sell the news

Does anyone know the actual position? From what I gather it was 3 contracts AMZN Credit Put Spread. How many strikes apart? He killed himself on June 12 - and from June 10 to June 12 AMZN dropped $100. June 12 was a Friday - I assume his trade was the June12 options. On reddit people have...

From an online article. Why enclose these words in brackets? “[They’d] been [there] seven days a week, working extended tours and overtime and using all these resources, and it came down to a heads up surveillance member, with a picture, looking up … spotting this suspect,” said Rankin.

He is treading very lightly so that he doesn't offend the left and jeopardize his Spotify deal. 6:20 WTF

Options are not a problem .... the trader is the problem. No roadblocks. When you open up a margin account the basic know-your-client questions are: Income Net Worth Type of option trades you would like to do. How long have you traded for. The answers are not verified.

I think most losses are due to the stop being set to close to the entry point. You get stopped out and then the position moves in your direction - without you. You need to set the stop far away, don't be afraid to take risks.

I think you are misreading something. You only need $660 for the long calls. No margin above that required. Something else is affecting the margin required - my guess is the short calls have a different expiry then the long calls.