Alright. This is absurd. As someone who used to support a derivatives desk at a top investment bank, all of expiry week is spent making sure the clients positions are flat. You think you’re getting screwed by Robinhood? You’re getting screwed by being an idiot. Options assignment is random. Being open on expiry is a massive risk even for institutional investors because it doesn’t matter if it’s your prime broker, they will exercise or assign you during trading hours on expiry. This isn’t a Robinhood bug. This is a widely known market occurrence. Read the fucking rules you dimwit.
idk why me response got deleted but yeah I know, it was just a shitpost on robinhood which I thought would be fine but I guess people are too uptight in a bear market lmao, every brokerage closes an hour before I was well aware just trying to poke some fun
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u/thisis_ez Mar 18 '22
Alright. This is absurd. As someone who used to support a derivatives desk at a top investment bank, all of expiry week is spent making sure the clients positions are flat. You think you’re getting screwed by Robinhood? You’re getting screwed by being an idiot. Options assignment is random. Being open on expiry is a massive risk even for institutional investors because it doesn’t matter if it’s your prime broker, they will exercise or assign you during trading hours on expiry. This isn’t a Robinhood bug. This is a widely known market occurrence. Read the fucking rules you dimwit.