SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (3817)7/14/2000 12:07:36 PM
From: John Graybill  Read Replies (2) of 436258
 
They limit you for the always-exaggerated "hit by a truck" situation -- you buy the options, you get hit by a truck, you get exercised on Friday, the stock goes the wrong way for you on Monday, and all of a sudden somebody's on the hook for the loss of many points on many hundreds of shares.

They're real pricks about it sometimes. I was at my contract limit with a bunch of options that were so far out of the money I couldn't even sell them, but they wouldn't budge and let me buy anything else.

Initial option limits are something like 50 contracts, or maybe only 25.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News