IB banning opening new put option positions in GME

[zdreg]

Are they legally allowed to do so?

I am sure that you never read your customer agreement.

 

[narafa]

I am sure that you never read your customer agreement.

Well, I did, but not all of it of course

 

[zdreg]

Well, I did, but not all of it of course[/QUOTE
The teacher asks the student did you read the book assignment. He would reply like you. How does his answer sound to you?

 

[JSOP]

Listen...options aren't as ezpz as stocks. You can buy a put and short a put at the same time and still profit when stock goes up. If you lock up one side, you lock up a gammut of different possibilities for risk control and you 100% do not satisfy the need for long puts by just hoping that another degenerate is selling to you. When you allow long puts, 90% of the volume is taken by a market maker, period.

Besides that, if you guys really want to buy a put, just buy a call and short stock or even better, just sell call spreads...it's the same.


I would not want to have my money at a broker that allows a couple of apes to dabble in options that are 550IV and get burned either way because the underlying is the squeeze of the century and the FEDs are looking into potential actions.

Safety first.

Well that's what they are there for, to make a market otherwise why are they called market makers? There is supposed to be an orderly market. That's their job to establish that. They can't just be there to make a killing and then when it's their time to do their job, they take off because oh there is "risk". We deal with risks every day. LOL We don't complain.

And you can't short the stock because there are no shares to short anymore and call spreads is not the same.

 

[narafa]

Selling Call spreads is a limited loss, limited profit play. Who wants a limited profit cap in such craziness. Even long puts is a limited profit play, but it's a much better risk/reward.

 

[MrMuppet]

Selling Call spreads is a limited loss, limited profit play. Who wants a limited profit cap in such craziness. Even long puts is a limited profit play, but it's a much better risk/reward.

Yeah sure. The MAR straddle is about 370$ while the stock trades at 350.

Can you please tell me about that juicy risk/reward after your money went up in flames? Because when the IV drops from 500 back to below 100 your put will still lose money even tho the stock is cut in half while the spreader orders hookers and booze.

The more posts I read in this thread the more I like the fact that IB closes down shop for GME options. You guys really should not play this game

 

[guru]

https://twitter.com/x/status/1354792600004386818

 

[Daal]

https://twitter.com/x/status/1354792600004386818

This seems to be a move to protect IB's capital, which is fine. What is not fine is these other condencending retail brokers not allowing people to trade the stock at all

 

[Cuddles]

so you can't even find the tickers for meme stocks on RH, let alone trade them; but apparently WSB are the market manipulators lolz.

 

[narafa]

Yeah sure. The MAR straddle is about 370$ while the stock trades at 350.

Can you please tell me about that juicy risk/reward after your money went up in flames? Because when the IV drops from 500 back to below 100 your put will still lose money even tho the stock is cut in half while the spreader orders hookers and booze.

The more posts I read in this thread the more I like the fact that IB closes down shop for GME options. You guys really should not play this game

Please tell me more about the anticipated crush in IV and my donations to the spreader to order hookers & booz. And I didn't even trade in size, it was change.