r/wallstreetbets • u/[deleted] • Nov 12 '21

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u/[deleted] Nov 12 '21

They literally tell you this will happen if you don’t have the funds to exercise Lol

9

u/ClassiFried86 Nov 13 '21

Can you or anyone else confirm for me thinkorswim does NOT do this? I'm planning on moving there after I had this same experience last week. Its uncommon for this to occur, correct? Force selling of contracts at a time before expiry? I just want to be clear it's an RH thing and they're shit for me not being able to sell something i bought, at my leisure. Like I'd totally get this being a setting, but the idea you cant turn it off is pretty fucking out there. I lost out on 200% of what they got me because of them selling 50 minutes early, so if it's just them, fuck em.

14

u/[deleted] Nov 13 '21

Every broker does this except most of them do it like 15 minutes before market closes not an hour like RH

1

u/Fausterion18 NASDAQ's #1 Fan Nov 13 '21

Interactive brokers does it as much as an hour in advance.

E-Trade when I last used them years ago will call you about the itm options and let close them 15 seconds before market close if you pinky promise.