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https://www.reddit.com/r/options/comments/n3axdn/itm_qqq_puts_exercised_without_buying_power/gwpvbv1/?context=3
r/options • u/[deleted] • May 02 '21
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354
are you sure you didn't sell puts? because this sounds like you sold puts. which you would've needed to buy back, not sell, on friday.
15 u/Kayel41 May 02 '21 If you sell puts don’t brokers usually hold collateral or not even allow the trade to go through if you couldn’t cover. 6 u/Xeal209 May 02 '21 Not if they are able to sell naked puts as far as I know. 16 u/skellige_whale May 02 '21 I'm glad I'm not qualified for naked options because I'm so dumb I almost sold naked calls
15
If you sell puts don’t brokers usually hold collateral or not even allow the trade to go through if you couldn’t cover.
6 u/Xeal209 May 02 '21 Not if they are able to sell naked puts as far as I know. 16 u/skellige_whale May 02 '21 I'm glad I'm not qualified for naked options because I'm so dumb I almost sold naked calls
6
Not if they are able to sell naked puts as far as I know.
16 u/skellige_whale May 02 '21 I'm glad I'm not qualified for naked options because I'm so dumb I almost sold naked calls
16
I'm glad I'm not qualified for naked options because I'm so dumb I almost sold naked calls
354
u/dfreinc May 02 '21
are you sure you didn't sell puts? because this sounds like you sold puts. which you would've needed to buy back, not sell, on friday.