Interactive Brokers (IB) has gone to the dark side and is actively limiting trading opportunities on $AMC.
I'm done with them.
This trade you see in the image above is a debit spread on $AMC. With a $0.60 debit, each spread should cost $60. For the $781 of margin impact they are showing here, I should be able to get 13 contracts, not 1. This is a 10x trade if $AMC goes above $20.
They are clearly just trying to reduce trading on $AMC so the big boys can crush buying pressure.
Total. Fucking. Bullshit.
I was bitching about this in discord and @khal was able put the trade on in TastyWorks. I hope I get a commission.
Posted Using LeoFinance Beta
IB is great. Nothing wrong with protecting their business from market volatility.
Posted Using LeoFinance Beta
Total nonsense. This is a covered position. IB has no volatility risk from this trade.
Posted Using LeoFinance Beta
Go fully crypto. That's what I did in 2019 after 13 years in the stock market.
Posted using Dapplr
Yep, I had kept a toe in stocks. But I'm done with it now.
Posted Using LeoFinance Beta
Good luck!
Posted using Dapplr
I agree crypto is the way to go but in this case I want legal action taken against everyone who has enabled this most recent wall street bailout. I consider this an act of economic terrorism and I'd like the charges to reflect that. I heard there's a class action law suit in New York, but I want actual criminal charges with teeth tearing into these bastards.
Posted Using LeoFinance Beta
Time to step in and crush them. Buy and hold ;)
Posted Using LeoFinance Beta
Take us to the moon 🚀
Posted Using LeoFinance Beta
BULLSHIT!!!!!!!!!!!!!!!!!
How stupid of them to start doing shit like that the year Defi is taking off. It's as if they don't want your money.
Edit- i think there are opportunities to trade on FTX, check it out. I know there is gamestop on there, not sure about AMC
LOL
Are you a Tasty Trader?
I didn’t know you traded options!
I wonder how this trade looks now...
Posted Using LeoFinance Beta
Question:
In light of the volatility I would expect the
IV to be high, and premiums as well, so a credit spread would normally provide a good yield. I would love to know your reasoning behind a debit spread here?
Thanks
Posted Using LeoFinance Beta
Premiums were very high and all screwed up. This is a 10x trade for practically free.
Posted Using LeoFinance Beta