So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade

[poopy]

Who's the idiot with an $820 account profit fool?

You're the fool.

You lost your broker because you refuse to trade the synthetic (the call diagonal). They don't have a contract limit coded. You could trade hundreds of these and refuse to pay the exercise fees and they would be forced to close an illiquid spread and eat the cost.

 

[Con1991]

Wow. World-shaking. When are the Guinness Book people coming to your house?
This sounds like "what's wrong with robbing a liquor store? Look, I've got... $68.73 here! It's a WIN, I tell you!"

You violated the rules you were told about ahead of time, and that you agreed you understood - and promised not to violate again.

That's the problem. Nobody cares about your penny-ante "win".



You don't get to make those rules. The house does. If you violate them, you get kicked from the house.





The only thing I see "confirmed" here is that you want to violate the clearly-stated rules and get away with it - and whine loudly when called on your violations. Typical spoiled brat behavior.

I'd suggest not trying that nonsense at other people's houses. They wouldn't be nearly as pleasant about it as TT was... in fact, you'd almost certainly be taught a harsh lesson about the realities of life - with a libel suit as a cherry on top if you slimed them as you're doing with TT.

So then, you confirm that Tastytrade's 'rules' exist to stiff the winning customers? Well done. No other brokers to my knowledge have such a ridiculous house rule in place. It is very evident that because deep ITM spreads can be so profitable, that is why Tastytrade don't allow them. Don't try and treat everyone else here as fools, that is the reason, plain and simple. The fact that other brokerages allow these strategies confirms that I have done no wrong. Tastytrade do not like winning clients. So yes, people absolutely NEED to take their business elsewhere.

 

[newwurldmn]

So then, you confirm that Tastytrade's 'rules' exist to stiff the winning customers? Well done. No other brokers to my knowledge have such a ridiculous house rule in place. It is very evident that because deep ITM spreads can be so profitable, that is why Tastytrade don't allow them. Don't try and treat everyone else here as fools, that is the reason, plain and simple. The fact that other brokerages allow these strategies confirms that I have done no wrong. Tastytrade do not like winning clients. So yes, people absolutely NEED to take their business elsewhere.

yes. They are out to fuck all the winning traders do they trade with other brokers.

Today I traded 1,000,000,000 spx contracts.

 

[Con1991]

yes. They are out to fuck all the winning traders do they trade with other brokers.

Today I traded 1,000,000,000 spx contracts.

Well today I made a good profit. So congratulations on your pathetically boring post. What did you make, zero? Idiot

 

[Drawdown Addict]

Interesting, if that trade is not allowed why do they let you execute it in the first place?

What they do they mean by "lying" on a trade? That site is supposed to be a reference for options trading and they don't like certain combinations of trades.

My guess is that if you lost that trade we wouldn't be talking about anything.

They have an issue with you winning that trade, not losing it. That's obvious.

 

[S2007S]

Wait wait wait....why would tastytrades allow the trade to process, I say if the trade can be processed than its fair game..... There should be no warning emails about not being able to make a certain trade. ..let the broker put something in place to lock certain trades if not allowed. Kinda ridiculous

 

[elite1974]

those screenshots don't show the actual trade.

what was the trade?

 

[newwurldmn]

Interesting, if that trade is not allowed why do they let you execute it in the first place?

What they do they mean by "lying" on a trade? That site is supposed to be a reference for options trading and they don't like certain combinations of trades.

My guess is that if you lost that trade we wouldn't be talking about anything.

They have an issue with you winning that trade, not losing it. That's obvious.

They have an issue with him trading deep in the money spreads and trying to unwind them for full value (ie pure arbitrage). They don’t care if he makes or loses money but the firm is getting hit with exchange fees and data processing fees for orders that no one would trade against except as a mistake (obvious error).

it’s a business decision.

if you want to understand how a broker thinks about your account, watch the Matthew machaney scene from wolf of Wall Street.

 

[Con1991]

those screenshots don't show the actual trade.

what was the trade?

It was a diagonal spread

 

[newwurldmn]

Well today I made a good profit. So congratulations on your pathetically boring post. What did you make, zero? Idiot

I’m not the one trying to trade 1,000,000 spx contracts while funding an account with a $100.

good luck finding a new broker.