So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade
- Thread starter Con1991
- Start date
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.
This is why we have margin calculations. It's not my job as a trader to give a shit about your house. I am placing trades...if you don't want me placing certain trades the don't allow me to make them. The broker isn't your friend. Think of the broker/client relationship like a mouse stealing the cheese from the mouse trap, while the cat watches.
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And it's not the house's job to give a shit about your "reasoning", or about your ideas of how the world should work. But you're welcome to keep trying your entitled idiocy until you're persona non grata everywhere; then you can sit at home and scream at the walls about "unfairness" and all your other delusions while normal people continue to trade without problems.
I don't consider the broker my "friend"; unlike you, I also don't consider them my enemy. It's a mutually-beneficial business relationship. If you don't like the terms of such a relationship, don't enter it. Or, if you're already in one, you can get the hell out of it. What you don't get to do is decide, on the behalf of the other party, How It's Going To Be - because they'll just tell you to fuck off. And rightly so.
"DITM stupidity".... lol... that's the hardest I've laughed all day. What a great line! Poetry in motion.
It's their job to not allow trades not my job to figure out what trades they don't allow. I have never been on a broker that didn't mitigate their own risk on the backend anyway. If a trade doesn't fall within acceptable parameters then the trade is automatically rejected.
YeahOK. They'll let you tell them what their job is, any day now. Just hold your breath for a bit...
I assume you whine about "they shouldn't have allowed this trade if they were going to do this to me" when you get your regular daily margin call?
Well said. All of the talk, from Tastytrade themselves, or indeed anyone on here or elsewhere trying to justify this 'Deep ITM options are too risky' nonsense, is all bullshit. The risk is defined with spread trades. Whether ITM or not. Assignment risks for cash-settled options are even less than that of equity options. And there is no early assignment for these. The simple fact is, glaringly obvious to me at this point, is Tastytrade do not like a winning trader. There is something decidedly irregular, that immediately after my first profitable trade of $820 for five contracts, they then block my account from making any new trades. This is not a brokerage anyone should wish to be doing business with.
I really don't need to take any advice from a sanctimonious idiot such as you. Calling names to me and anyone else here who disagrees with you. Just put your dummy back in your fucking mouth and shut up. Fool.