Trading is halted on GME for many retail brokers

So they move to a different stock, then offices at major brokerages be like....

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Gaslight Capital said:
IB just went the same way ...

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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.
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Agree with the above on margin but do you think this is a possible scenario..
Long a Put and the stock collapses
No stock loan available
Market disappears (market makers stop making markets on the options or massive spreads due to inability to short).
On paper the holder of the put made a killing but upon expiration ends up in a short squeeze and loses millions.
 
eastern_warrior said:
Agree with the above on margin but do you think this is a possible scenario..
Long a Put and the stock collapses
No stock loan available
Market disappears (market makers stop making markets on the options or massive spreads due to inability to short).
On paper the holder of the put made a killing but upon expiration ends up in a short squeeze and loses millions.
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There are option open interest and those will be transacted because the option sellers have an obligation to buy the shares at a certain price. In this case, the option sellers stand to lose their shirts. If the buyer of the put exercises those contracts, the option seller has to buy his stock at the strike price even if the stock can be bought at the very low levels. He can also, opt to just sell his put option to close his position.
 
Yeah all brokers are doing this. There are still a few brokers who are allowing trading in options. When push comes to shovel, you now know with whom your broker is in bed with. They have no problem letting you take on hundreds and hundreds of losing positions and now finally you've got positions that have high probability of winning and all of sudden they are worried about "risk for our clients". LOL Yeah how come they weren't worried before when you were losing? LOL
 
“Due to high volatility, we are requiring you to hand over your money to the nearest Epstein billionaire”

"Don't call yourself Robin Hood if you screw over the folks of Sherwood the second the Sherriff of Nottingham calls."
 
Arnie said:
They are worried about counter party risk.

https://www.cnbc.com/2021/01/28/int...rotect-the-market-says-chairman-peterffy.html
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Well we have been their counter-party all this time losing to them. What about our "counter-party risk"?? Have they ever thought about that? No, they just take our money and go merrily their way. It's time that they get into our shoes and get a feeling of what we've been feeling all these years trading against them. If the market is a zero-sum game then it's time for them to be on the "zero" side for a change.

Power to the retail traders!! This is better than Occupy Wall Street. We just occupied it with $$. :D This is lot more fun!
 
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