And indeed that was exactly my intention. So my fill on entry was 74.99, and on exit it was 73.35. So it's quite incredible that after precisely ONE profitable trade, Tastytrade cease to do business with me. Despite what others may say, I find that extremely suspicious. Ulterior motives springs to mind. I'm sorry I ever opened an account with this company. I have since transferred all my funds to Interactive Brokers.
So I profited 820 dollars on a deep ITM options spread and received this email from Tastytrade
- Thread starter Con1991
- Start date
For a company that promotes option trading as their flagship, don't you find it incredibly dumb?? As a previous poster mentioned, why not just block these trades if they are not permitted. Instead of sending a tantrum email. Not very professional. All options carry some risk, and assignment risk does not only apply to ITM options. So their argument is void as far as I'm concerned.
You posted yourself that you were told not to make these types of trades, and still did anyway. Doesn't matter whether software allowed it or not.
Taken to a court of law Judge would say {frivolous} case dismissed.
Well I'm afraid my strategies involve trading ITM options utilising spread trades. So clearly Tastytrade have been a let down for me with their unreasonable attitude. I wonder how many other people have had their accounts shut down with them. After reading online, quite a few apparently. Next Tastytrade shall be telling clients to trade nothing more than long options at-the-money for the purposes of 'risk management'. It's ridiculous. Yes, they asked me not to perform certain trades. I did because I knew I could make money. I admit I went against *their* policy. I am not aware of such a rule existing with other brokerages. So I have moved on.
Ok, I'll give you that one. At least you have a sense of humour haha
Maybe they don't block the trades in software because maybe they allow some customers to place those type of trades. But then some customers they don't. That's my hypothesis.
His "strategy" involves trading DITM index spreads. He can replicate it with the synthetic to his DITM position and trade anywhere he wants, including TastyTrade. He can work the synthetic at the close or let it expire at no additional cost.
The guy is the personification of the uninformed piker.
The guy is the personification of the uninformed piker.
Dear me; it seems I've caught the DrawdownDickhead on the raw, and now he's lashing out and shaking his pacifier angrily in my direction. I wouldn't have even noticed if it wasn't for @Overnight saying "hi"...
I await his next, um, brilliant sally avidly.