My account wiped out. Any recourse?

[Turveyd]

you kno

you nothing about me, and I ain't rich.

Not anymore lol

Next time diversify no more than 5% on any single item.

 

[kmiklas]

AS posted here, I've sold oil options short and long term for more than 5 years, vacations and all. Who would think the Saudis' would price their oil 25% lower than the spot price after spending the previous week trying to prop it up. I'm pretty sure I'm not the only one who got ran over

Yeah... it's always that last bit of risk that bites you in the ass. 99.44% of the time things are ok... and then some event hits. If it makes you feel any better I was long on USO ETF, and took a hit, so you're not alone.

Hang in there my friend, you will rise from the ashes.

 

[tomas262]

you obviously missed this similar story OptionSellers.com / James Cordier - Full apology video
how do they say it? ... naked writing like picking nickles in front of a steamroll?

 

[RedDuke]

AS posted here, I've sold oil options short and long term for more than 5 years, vacations and all. Who would think the Saudis' would price their oil 25% lower than the spot price after spending the previous week trying to prop it up. I'm pretty sure I'm not the only one who got ran over

this was a very expensive lesson. I learned mine a while back as well.

 

[dozu888]

is this the perverbial blood on the street lol

 

[RedDuke]

is this the perverbial blood on the street lol

But you put your personal guarantee for all to go all long around ATH, are you gonna come through with your promise ?

do you recall I told you that it will be volatile year with many dips.

 

[OptionsOptionsOptions]

Troll thread - and you guys are swallowing the hook, line, and sinker.

 

[southall]

Troll thread - and you guys are swallowing the hook, line, and sinker.

This guy could be trolling but more than one person out there would of got fucked by that move. The market moved more than the margin deposit. More than a few Accounts would have gone negative.

 

[tommcginnis]

Troll thread - and you guys are swallowing the hook, line, and sinker.

Agreed, but post #20 cracked me up...
https://www.elitetrader.com/et/threads/my-account-wiped-out-any-recourse.341511/page-2#post-5034295

 

[nooby_mcnoob]

I thank god that IBKR doesn't give a fuck about your life and just closes your positions because otherwise I would stand the risk of IBKR being insolvent.