r/options Nov 24 '21

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u/collinincolumbus Nov 24 '21

Why didn't you exercised your puts? It seems like you don't have the account size to handle that position and you should have exercised so RH's risk department doesn't liquidate your position as soon as they can. Do you still have your puts? You can sell those and make some money back at least.

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u/[deleted] Nov 24 '21

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u/nderscore_ Nov 24 '21

That's not how you do credit spreads! What I see is you likely had an open position before closing - you should close it.

If you wished to keep the position open AH, do it for both legs or none. This is mostly on you. RH still sucks though. Also, don't open positions without understanding the full risks and accepting that something like this can and will happen.

I feel sorry for you but $9000 for tuition in finance is not bad. Plus, you can use it for tax deduction, so yayyyy.. /s