Guitarsoup said:

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Photoshop? This and the tweet above show same time, price and number of shares. But one is a screenshot and other is picture of PC screen. Why pass around two versions of the photo? I don't think anybody can trust any information on this situation unless they get it directly.

Irish 2.0 said:

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Guitarsoup said:

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If this person had a margin account, RH might be in the clear as per their TOS. If it was in a cash account, I'd lawyer up faster than I'd blow a nut at the prospect of banging 90s Cindy Crawford

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If it was a margin issue, is it typical to liquidate mid-day?

No call to meet whatever requirement they have, even 100%?

I'm not sure. I haven't touched any of these short squeeze plays. I'm just saying RH's ass might be covered in this situation if the person's account, assuming it's not fake, was a margin account. TOS give lots of leeway and I'm still yet to know one person that has ever read them that isn't a lawyer employed by the company putting them out. If it's a cash account, there is no standing to sell a position

TChaney said:

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Irish 2.0 said:

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Guitarsoup said:

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If this person had a margin account, RH might be in the clear as per their TOS. If it was in a cash account, I'd lawyer up faster than I'd blow a nut at the prospect of banging 90s Cindy Crawford

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That is at the lowest price of the day and the exact time there was a flash down to around 113.

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That person might have had call options they bought when it was 300ish. He could have gotten margin called during the flash down.

ClutchCityAg said:

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Ridiculous and blatant gaming the system. HAS to be actionable, right?

Irish 2.0 said:

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I'm not sure. I haven't touched any of these short squeeze plays. I'm just saying RH's ass might be covered in this situation if the person's account, assuming it's not fake, was a margin account. TOS give lots of leeway and I'm still yet to know one person that has ever read them that isn't a lawyer employed by the company putting them out. If it's a cash account, there is no standing to sell a position

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The other issue is they sold at the low point of the day, during a volume flash down.

What are the odds that was a coincidence?

Been busy so not sure if this has been covered. How early will we be able to review the recorded seminar today? I'll be in a meeting for part of the beginning

What is everybody's plan on SNDL?

I am in at .5751, but I am wanting to lock in some gains and start going towards net free. Help would be appreciated.

If this is a typical agreement for margin accounts, it appears that they can liquidate when and how they see fit.

Danwell Home said:

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Been busy so not sure if this has been covered. How early will we be able to review the recorded seminar today? I'll be in a meeting for part of the beginning

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OA told me that recorded version not available until a few days later.

K-Bob said:

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What is everybody's plan on SNDL?

I am in at .5751, but I am wanting to lock in some gains and start going towards net free. Help would be appreciated.

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I have had tremendous success farming profits and reducing cost basis by selling covered calls at $1, $1.5 and I even sold a big chunk of Feb 2s for 0.90 this morning.

Example in your case you could sell the Feb $1 for 0.30 or the $1.5s for 0.25 right now.

I think there are multiple strategies people have been doing, but I know a lot of people have been selling covered call options to lower their cost basis if not called out. I sold some Feb 5 1.5c for .63 earlier, giving me a net entry of .37 if I don't get called out.

If options aren't your thing, I think many are holding. IIRC, they had an offering recently, but many people still remain bullish because of the current administration.

Edit: Some have also been selling ITM Feb .5c weeklies.

Y'all see that mini model T on $Stock to not be named? Damn near perfect

CPDAggie10 said:

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K-Bob said:

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What is everybody's plan on SNDL?

I am in at .5751, but I am wanting to lock in some gains and start going towards net free. Help would be appreciated.

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I have had tremendous success farming profits and reducing cost basis by selling covered calls at $1, $1.5 and I even sold a big chunk of Feb 2s for 0.90 this morning.

Example in your case you could sell the Feb $1 for 0.30 or the $1.5s for 0.25 right now.

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Yep, this! I was going to let mine get called out, but actually bought more (the premiums are awesome when it rips). I plan to hold for a while now, it feels like a free money play (if there is such a thing).

Brian Earl Spilner said:

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Robinhood died today. Right?

Their IPO is not gonna go well.

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It'll go fine. Plenty of stupid people out there that will stay on their and WeBull's platform because they don't know any different

Engine10 said:

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Y'all see that mini model T on $Stock to not be named? Damn near perfect

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You mean CLOV??

Someone bought 1876 weekly AMD 93c

Fitch said:

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Brian Earl Spilner said:

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Robinhood died today. Right?

Their IPO is not gonna go well.

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I thought they died back last spring when they crashed during the spike in volatility trading but here we are again... Just too convenient for newbies.

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This

Irish 2.0 said:

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gotsand said:

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If this is a typical agreement for margin accounts, it appears that they can liquidate when and how they see fit.

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Get what you pay for with your broker.

There is a time and place to be cheap. Protecting your capital isn't one of the times to be cheap.

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I think every robinhood acct is a margin account. I know i didn't get the option to opt out of margin approval when i signed up, and when i tried to convert it to a cash account there wasn't a way

NRD09 said:

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Irish 2.0 said:

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gotsand said:

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If this is a typical agreement for margin accounts, it appears that they can liquidate when and how they see fit.

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Get what you pay for with your broker.

There is a time and place to be cheap. Protecting your capital isn't one of the times to be cheap.

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I think every robinhood acct is a margin account. I know i didn't get the option to opt out of margin approval when i signed up, and when i tried to convert it to a cash account there wasn't a way

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Just turn off the margin. They can't force you to have a margin account. They kept everyone to the PDT rule regardless of cash or margin account though from what I have heard.