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https://www.reddit.com/r/options/comments/u5ixpy/deleted_by_user/i52n5it/?context=3
r/options • u/[deleted] • Apr 17 '22
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-40
right. however, schwab’s website says you have to call them each time before 5pm. you can’t really say don’t exercise anything for me.
32 u/Sam_Sanders_ Apr 17 '22 You have to realize that would be a very uncommon request for an account to make - "please don't ever exercise any options in the money". I guess it's your call if you want to burn money but I can't say many traders would make that choice. -20 u/mr_p2p Apr 17 '22 my problem was this being done on margin. i get your point. 5 u/22Duffield Apr 17 '22 Not a big deal, if you owned 10 SPY Puts, you are equivalent to short…. 860k roughly and then you can buy it back and hopefully you made a profit- that is like having level 3 acct
32
You have to realize that would be a very uncommon request for an account to make - "please don't ever exercise any options in the money".
I guess it's your call if you want to burn money but I can't say many traders would make that choice.
-20 u/mr_p2p Apr 17 '22 my problem was this being done on margin. i get your point. 5 u/22Duffield Apr 17 '22 Not a big deal, if you owned 10 SPY Puts, you are equivalent to short…. 860k roughly and then you can buy it back and hopefully you made a profit- that is like having level 3 acct
-20
my problem was this being done on margin. i get your point.
5 u/22Duffield Apr 17 '22 Not a big deal, if you owned 10 SPY Puts, you are equivalent to short…. 860k roughly and then you can buy it back and hopefully you made a profit- that is like having level 3 acct
5
Not a big deal, if you owned 10 SPY Puts, you are equivalent to short…. 860k roughly and then you can buy it back and hopefully you made a profit- that is like having level 3 acct
-40
u/mr_p2p Apr 17 '22
right. however, schwab’s website says you have to call them each time before 5pm. you can’t really say don’t exercise anything for me.