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    WSBers playing with fire and getting burned: NKLA hard to borrow early assignments on call spreads

    I completely agree with this statement. I also think if they know something that I have no way of accessing and they do absolutely nothing to mitigate the risk , they share responsibility.
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    WSBers playing with fire and getting burned: NKLA hard to borrow early assignments on call spreads

    I do understand the risk of hard to borrow stock. The big issue I have is there was no indication that it was a hard to borrow stock, or the current rate associated with it ( I know that can change instantly ). The trade desk was the only one who had that information. Should I be responsible for...
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    WSBers playing with fire and getting burned: NKLA hard to borrow early assignments on call spreads

    Brokers manage risk all of the time on smaller accounts. They will go in and close out trades they deem to risky. If your buying power drops negative they will close positions to mitigate risk. They are required by law to have some oversight since they are the "expert" in the field. The systems...
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    WSBers playing with fire and getting burned: NKLA hard to borrow early assignments on call spreads

    That's the horrible part about it. I did have long positions that could have been exercised by my broker to result in much smaller of a loss. They just don't care. It could be that it's to their advantage to let the account go negative so they can charge interest.
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    WSBers playing with fire and getting burned: NKLA hard to borrow early assignments on call spreads

    This happened to me when trading on the Tastyworks platform. They didn't disclose that there would be a Hard to Borrow fee. I'm talking to an attorney Scott Silver of the Silver Law Group about it. He's experienced in these types of cases.
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