PUT options liquidated at worst possible prices

Quote from zdreg:



you are extrapolating from one example. that is a fundamental error in logic. why don't u ask what was unique about OP's position or just accept that accidents do happen.
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Absolutely not, we already asked for the OP's position information, and he gave it.

Yes accidents do happen, look at the other people who have chimed in with their problems with IB's robot. It's not extrapolating one bit. However, I'm actually focusing on this particular problem, I'm not telling people to go run from IB or that this is a systemic problem. I'm talking about why this position shouldn't have been liquidated.

Sorry, but you don't seem to be the person I would consult for logical errors.

Don't auto-liquidate my posts before you've read them completely.
 
Quote from stefan_777:

Absolutely not, we already asked for the OP's position information, and he gave it.

Yes accidents do happen, look at the other people who have chimed in with their problems with IB's robot. It's not extrapolating one bit. However, I'm actually focusing on this particular problem, I'm not telling people to go run from IB or that this is a systemic problem. I'm talking about why this position shouldn't have been liquidated.

Sorry, but you don't seem to be the person I would consult for logical errors.

Don't auto-liquidate my posts before you've read them completely.
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one person has mentioned this issue with option liquidation. therefore you have extrapolated this issue.
 
Go back and look at my earlier posts in this thread.

I specifically stated that IF the OP's explanation is real, THEN this is ridiculous for such and such reasons, and should be reversed. All my following posts assumed that condition.

Extrapolating would mean that I took this OP's potential issue, and jumped to an extra conclusion saying that everyone should close their account or something. I never formed any conclusions outside of what would apply to the OP's particular case, if he's correct. My posts were simply written to counter what people are saying about whether it was fair or not based on market prices. I'm saying market prices have nothing to do with it since the legal structure of the spread is what's important. How is that extrapolating?


You must have me confused with someone else.
 
Quote from stefan_777:

Go back and look at my earlier posts in this thread.

I specifically stated that IF the OP's explanation is real, THEN this is ridiculous for such and such reasons, and should be reversed. All my following posts assumed that condition.

Extrapolating would mean that I took this OP's potential issue, and jumped to an extra conclusion saying that everyone should close their account or something. I never formed any conclusions outside of what would apply to the OP's particular case, if he's correct. My posts were simply written to counter what people are saying about whether it was fair or not based on market prices. I'm saying market prices have nothing to do with it since the legal structure of the spread is what's important. How is that extrapolating?


You must have me confused with someone else.
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Apparently it doesn't have protection against dumb robots though. [/QUOTe from Stefan_777

you are extrapolating from one example. that is a fundamental error in logic. why don't u ask what was unique about OP's position or just accept that accidents do happen.
 
Well obviously if the OP is correct, the robot would have to be dumb to ignore the legality of the spread structure and look at the bogus market price of it instead.

That's not extrapolating, it's a fact.

But it's dependent on whether the OP's story is true. That's why I said "apparently". It's much different than saying "definitely" like you seem to read it.

Learn how to quote too. lol
 
Quote from stefan_777:

Well obviously if the OP is correct, the robot would have to be dumb to ignore the legality of the spread structure and look at the bogus market price of it instead.

That's not extrapolating, it's a fact.

But it's dependent on whether the OP's story is true. That's why I said "apparently". It's much different than saying "definitely" like you seem to read it.

Learn how to quote too. lol
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1.Learn how to quote too.
I quoted you exactly.

2. well obviously if the OP is correct, the robot would have to be dumb to ignore the legality of the spread structure and look at the bogus market price of it instead.

not exactly.
one case in which the robot made an error does not make it dumb.
 
Quote from zdreg:

not exactly.
one case in which the robot made an error does not make it dumb.
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Robots and computers are inherently dumb. They require programmers who aren't dumb but who make mistakes (like that quote code showing in your above post) which allows the robots to make mistakes.

Please don't feel bad for the dumb robots. They never shed a tear.
 
Quote from stefan_777:

Robots and computers are inherently dumb. They require programmers who aren't dumb but who make mistakes (like that quote code showing in your above post) which allows the robots to make mistakes.

Please don't feel bad for the dumb robots. They never shed a tear.
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I quoted you exactly. u cannot show where I posted a quote attributed to you which was not yours.
the bottom line is there has been exactly one complaint about auto liquidation where there have been option spreads in the account. posters on this thread have come to negative conclusion on auto liquidation involving options on the basis of exactly one situation. that is exactly what extrapolation consists of.

let the muddy waters clear as they surely will.
 
Seems like we have to wait and see what IB says about this particular incident before coming to any conclusions. I don't trade options, just stocks. In my experience, IB will not liquidate stocks in afterhours trading - I've gotten a margin call in the afterhours market and no action was taken til the open next morning. It would be nice to know the specifics of IB's auto-liquidating mechanism for different types of contracts.
 
there is more than one. and anyway, where there is one, there is more.

Quote from zdreg:

I quoted you exactly. u cannot show where I posted a quote attributed to you which was not yours.
the bottom line is there has been exactly one complaint about auto liquidation where there have been option spreads in the account. posters on this thread have come to negative conclusion on auto liquidation involving options on the basis of exactly one situation. that is exactly what extrapolation consists of.

let the muddy waters clear as they surely will.
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