naked call assignment

[zdreg]

if u should get assigned on a naked call on a US financial stock what are the consequences?

 

[MTE]

Jail time.

 

[KINGOFSHORTS]

You end up naked in wallstreet wearing a barrel with two rubber straps and panhandling for money to buy bread at the soupkitchen.

 

[zdreg]

if you buy in will u have violated margin rules?

 

[AAAintheBeltway]

My brokers are giving warnings about auto assignments that leave you short. I assume you would be in violation, so youbetter check with the broker.

 

[zdreg]

the question is if u buy in the same day will you be ok?

 

[piezoe]

Yes.

 

[mwerbe]

short selling ban lifted as of oct 8th so all oct options are fine to short even ridiculously out of the money gs puts lol

 

[MrDODGE]

Get out the lube because Cox will be shoving it where the sun don't shine