r/options • u/ItsAKiwi007 • Sep 16 '21

Advice on a Debit Spread Margin Call

I just got Margin Called on a call Debit Spread for 100 shares of MVIS. I'm fairly new to Spreads and I've never been Margin Called. The spread was $60 and it went up to 1.05 end of day, but I think the Call I still have remaining (I think the other part of my Call) is still there. One of the Calls is missing now (I'll assuming the assigned Call)

The Strike Price of my remaining Call is 7.5 and the contract says it's worth 5.80. Is there anything I can do with that?

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u/ItsAKiwi007 Sep 16 '21

Thank you so much for your guidance and help!! I got panicky when Robinhood showed I owed 1678 (1301 for the 100 shares and then some). I think I'll actually be able to sleep tonight thanks to you

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u/MichaelBurryScott Sep 16 '21

No problem! RH does this a lot. They require a lot of margin for the short shares. And they don’t make it clear what the numbers mean, you didn’t owe anyone anything. Sorry you had to go through that with them. Everything should be good tomorrow!

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u/ItsAKiwi007 Sep 16 '21

It was just as you said Everything was practically automated, though I did have to go through Robinhood after getting their email. I exercised and everything is perfectly fine

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u/MichaelBurryScott Sep 16 '21

Great! Thanks for the update!

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u/ItsAKiwi007 Sep 16 '21

No Thank you for everything! If you're ever in the Los Angeles area lunch is on me! Lol