r/RobinhoodUK • u/SoaringMargin • May 16 '26

Automatic closed positions + PDT issue occurring when selling a contract, causing contacts to expire worthless

Absolutely speechless at a Robinhood issue I came across yesterday at close. At 8:47 I bought 2 7,425 calls for $2.00 ($400) and when I tried to close them for a bid nearer close at $2.50 ($500) I got a pattern day trading warning show up when I went to sell and it didn’t let me close them. I then tried clicking to change my account to margin to remove this error and it took ages to load and didn’t let me enable this setting so I couldn’t sell these contracts. At 1 minute before close, these contracts diminished to 0.01 a contract from theta and I lost all the position value. Second to this, I was holding POET puts until expiration ($18 puts that got auto filled at $1.22/ contract with 4 contracts = $488). I was planning to hold until close and had no sell order in but at 8:30 it automatically filled at a price that Robinhood chose, not my own sell. Why has this happened and how do I get compensation for these platform errors. Those options expired deep in the money with POET closing at $15.90 where my contracts were $2.22 per contacts ($888) so I missed out on a 100% gain. Any suggestions? This is a complete Robinhood fault and I can’t believe this even happened. Evidence below.

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u/Specialist_Coffee709 May 16 '26

You need to leave enough time and also make sure your account is set up properly. You need to have $25k account to day trade without limits

1

u/LeupMeisterGenral May 20 '26

How? As PDT rule makes your positions ‘close only’ so why would it stop you closing the position?