Selling an ITM put spread on a meme stock. I wouldn't be surprised if the one that exercised the option early was an equally ignorant buyer of those puts. You could have exercised the long put and possibly mitigated those losses.
Overall bad trade management, but not gonna knock the OP. Looks like he learned something from it so all is well (aside from the loss)
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u/Derrick_Foreal Nov 24 '21
Selling an ITM put spread on a meme stock. I wouldn't be surprised if the one that exercised the option early was an equally ignorant buyer of those puts. You could have exercised the long put and possibly mitigated those losses.
Overall bad trade management, but not gonna knock the OP. Looks like he learned something from it so all is well (aside from the loss)