My fat finger naked calls lol

[prc117f]

i had my first ever fat finger. I was gonna close to lock in my profits yesterday on 14 short call contracts I sold but somehow I accidentally sold to open 14 not buy to close
I did a quick review and saw -28 contracts and I was oh shit

I closed them out but it cost me 600 bucks out of my profit. Lol.

Still made a profit but minus 600 for the error since the markets were moving and the bid ask spread got wide

Anyhow glad I quickly double checked instead of leaving and assuming the trading day was over in the afternoon.

Dumb mistake, first time ever.

 

[Jack_Larkin]

Sounds like an execution error more so than a fat finger..

A fat finger is like you add an extra digit to the order size because you mashed the keypad while writing up your ticket.

 

[zdreg]

it is a fat finger error.

 

[stepandfetchit]

Been there done that! :-(

I have had many forms of that as well.... Allocated trade orders in TOS often mix up the quantities in accounts, causing some trepidation.

 

[xioxxio]

Maybe I can help

https://en.wikipedia.org/wiki/Fat-finger_error

 

[HJ.AUD]

Still made a profit but minus 600 for the error since the markets were moving and the bid ask spread got wide

Very,very lucky. Could have been disastrous in a flash crash.