11–20 of 55 posts
Earlier quoted context omitted.
In the thread they say Robinhood doesn’t allow selling calls if you don’t hav the shares already.
Sure, that makes sense, but i asked about buying calls and not having cash to settle the transaction at expiry.
Edit: Turns out I did sort of misunderstand. The question has been answered.
What's wrong with removing the jargon from stock trading?
> What's wrong with removing the jargon from stock trading? Because you're removing all specificity from it at the same time. If you show me that screenshot without the text in the tweet, I'd have no idea what action it actually refers to. It could mean you're buying or selling an option. Or it could mean you're buying or selling a stock (potentially short selling). It could even mean you're buying stock on margin. I…
I guess it's better than trading slaves.
Earlier quoted context omitted.
Sure, that makes sense, but i asked about buying calls and not having cash to settle the transaction at expiry.
According to Robinhood, "If you don’t have enough buying power to exercise your option, we’ll sell the contract in the market for you about 1 hour before it expires." https://support.robinhood.com/hc/en-us/articles/115005656423...
At this point, customer service of the major discount broker I've used for many years is so abysmal that the last thing I want is a free alternative that promises to do more for me. It makes me think of how impossible it is to deal with Google when something goes wrong with their free offerings.
I think social media has become a societal problem because there is so much revenue available from exploiting addictive behavior, and the logic has to lead to brokers trying to catch up. If you are sensible with investing, the system doesn't need or want you.
Earlier quoted context omitted.
In the thread they say Robinhood doesn’t allow selling calls if you don’t hav the shares already.
Sure, that makes sense, but i asked about buying calls and not having cash to settle the transaction at expiry.
What's wrong with removing the jargon from stock trading?
The trouble is that Robinhood has a very low barrier of entry and now you have laymen who, if they don't understand basic finance terms, likely do not understand the fundamentals of trading options.
Earlier quoted context omitted.
> What's wrong with removing the jargon from stock trading? Because you're removing all specificity from it at the same time. If you show me that screenshot without the text in the tweet, I'd have no idea what action it actually refers to. It could mean you're buying or selling an option. Or it could mean you're buying or selling a stock (potentially short selling). It could even mean you're buying stock on margin. I…
I thought when you were approved for option trading you had to read and at least claim you understood "the Characteristics & Risks of Standardized Options". I didn't even know it was legal to simplify things to this extent.
Elsewhere[1] it is stated "Prior to buying or selling an option, investors must read a copy" (emphasis mine).
Of course, after reading it you should be sure you understand it, but that's probably hopeless...
[1]https://www.theocc.com/about/publications/character-risks.js...
What's wrong with removing the jargon from stock trading?
Earlier quoted context omitted.
The trouble is that Robinhood has a very low barrier of entry and now you have laymen who, if they don't understand basic finance terms, likely do not understand the fundamentals of trading options.
Like the javascript in the programming field? Go figure.