Yea, I don't understand these spread trading restrictions by some brokers. Seems like a lot less risk allowing someone to do a spread vs letting them leg into one.
Execution risk is huge if your doing DITM legs close to expiry. Last time with Hertz (if memory serves me right) these same idiots lost huge sums just paying for the short interest because their calls got exercised.
So what happens if someone is holding puts or calls on GME and it drops below $20 after hours?? How low could it go after hours and how low could it go before opening of the market at 9:30am?? How can you tell if the buyers have cleared out (done covering)?? Just watching from the sidelines.
