IB banning opening new put option positions in GME

[narafa]

Oh great. IB is now restricting opening new calls as well. The free market is dead apparently.

 

[narafa]

Yeah, but if I'm long at $345, I've gotta realize that I am one overnight headline away from waking up to 80% losses, no?

Correct, with such insane volatility, everyone must realize & know that this is a very probable fact.

 

[Cuddles]

https://twitter.com/x/status/1354280573162942470

 

[narafa]

So, nobody's heard of 'synthetics'? Do I have that right?

Well, of course, please shed some light.

 

[narafa]

Td Ameritrade restricted GME and AMC stocks

https://www.marketwatch.com/story/g...being-restricted-at-td-ameritrade-11611769804

Are they legally allowed to do so?

 

[Cuddles]

 

[narafa]

And here it goes, $347.51 close. All the money in the system is covering shorts at the same time.

 

[kmiklas]

IB did you a favor, because GME is going to 1000.

 

[zghorner]

IB did you a favor, because GME is going to 1000.

My man.

 

[MrMuppet]

I am trying to open long puts, not short puts. So paid in full & risk is limited.

you cannot just say "imma allow buying puts but not shorting them"
you either allow trading them or not...what about the dude who wants to open a putspread?