A Real American President: Donald Trump Message Board

STOCKTALK

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.

Politics : A Real American President: Donald Trump

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Honey_Bee

To: Woody_Nickels who wrote (259769)	1/27/2021 12:28:34 PM
From: Thehammer	1 Recommendation of 459391

One of the comments and response on Option Trades on GME - from the same article I posted: On FIDELITY, which might be the biggest brokerage house in the world. I had one GME option, strike 160, exp January 29th. It was worth over 20k at open today. Fidelity could not execute the order. When they finally executed at around 10:00 they sold it for 13k, at least 7k below what it was when I placed the order. Then, when I went to buy 2 more options (i.e rolling over my single option) a bit later, there were no more OTM options available -- the only options I could buy were deep in the money and over 10k per option. It is time to bring FIDELITY down. It is time to change the ancient, archaic 'Market Maker' system and use smart software to directly connect buyers and sellers. The Response: dude - do you even know what you are saying? The reason there is big spread (bid-ask) because no one wants to write these Call options. Would you be wiling to write these call options? Covered call options is tiny fraction.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next