Trading is halted on GME for many retail brokers

B

bmoney

I've developed a complex 4 leg option spread that would profit massively from the $GME price action, but I cannot find a broker who will allow me to trade the ticker cause it was shut down by their risk management teams. Is there a broker that has not and does not plan on doing the same thing? It is hard to trade professionally and take advantage of events like this if the broker wont let you follow through. I have tried Tradestation and AMTD, and am hearing news now that IBKR is following this ban trend as well.
 
bmoney said:
I've developed a complex 4 leg option spread that would profit massively from the $GME price action, but I cannot find a broker who will allow me to trade the ticker cause it was shut down by their risk management teams. Is there a broker that has not and does not plan on doing the same thing? It is hard to trade professionally and take advantage of events like this if the broker wont let you follow through. I have tried Tradestation and AMTD, and am hearing news now that IBKR is following this ban trend as well.
More...
I just got an order through on Webull.
 
jys78 said:
Seems OK in IB.
More...
IK RH is just straight up banning it, but TD is just not allowing "complex options strategies" to be placed ie options strategies with multiple legs. Maybe IB is the same way
 
Seems like Tulip Mania #2 is coming up.

Then

GAMESTOP -----> GAMEOVER


there might be excellent shorting opportunities coming up.
I haven't traded stocks for decades.

Let me see if I can polish my rusty brain and get
ready to short it.
 
bmoney said:
I've developed a complex 4 leg option spread that would profit massively from the $GME price action, but I cannot find a broker who will allow me to trade the ticker cause it was shut down by their risk management teams. Is there a broker that has not and does not plan on doing the same thing? It is hard to trade professionally and take advantage of events like this if the broker wont let you follow through. I have tried Tradestation and AMTD, and am hearing news now that IBKR is following this ban trend as well.
More...
So far so good on TW.
 
jys78 said:
Seems OK in IB.
More...

IB just went the same way ...

upload_2021-1-28_9-16-57.png


I have no problem with increased margin requirements but I am never in favor of restricting trading. This just proves that all the teeth gnashing and hand wringing on CNBC and in the media about protecting the little guy is bullshit cover to protect the hedge funds and their clients. This can only hurt the longs. And the public is very long these tickers.

Increased margin is how risk should be mitigated - NOT ending free markets.
 
You must log in or register to reply here.
Back
Top