This is so pathetic, free markets are thrown out of the window now.
IB banning opening new put option positions in GME
- Thread starter narafa
- Start date
This is so pathetic, free markets are thrown out of the window now.
stupid move by IB
Apex Clearing, who acts as the custodian of all tastyworks accounts, has informed us that the following symbols (AMC, GME, & KOSS) will be set to closing only order status immediately. You will only be able to submit orders to close out any open positions that you have in these symbols.
New opening orders will not be accepted at this time. We will update our clients should the clearing firm lift the Closing Only status in the near future.
Best,
The tastyworks Team
New opening orders will not be accepted at this time. We will update our clients should the clearing firm lift the Closing Only status in the near future.
Best,
The tastyworks Team
Did you really just try to make a point about GME puts by showing an AMC position?
Apples to apples my friend...
IB restricted opening option positions in GME since yesterday (That's what this thread is about). AMC options are still fine.
It's irrelevant, GME or AMC, both are having the same type of volatility. IV for AMC options at one point today reached 900%. They are now at around 700%.
Besides, I am not trying to make a point, I am trading to make money, just like everyone else.
And you might have decades of experience trading options (I do too), but you might need to re-consider your view of IV behavior given such moves & scenarios we are seeing, which I am sure neither you nor me have seen before.
tastyworks lifted the Closing Only status before the end of yesterday. And I didn't see GME halted even once today.