That depends if you’re selling or buying options. You can safely sell calls if you own the underlying stock or even do spreads like this amateur kid was doing. He would have been fine, but didn’t understand how it worked and idiotically killed himself over nothing. Very sad. We all make our own realities and make choices based on the limited data our brains receive. If he had calmed down for a couple of days or even called the broker to simply ask a question, he would have been fine.
He wasn’t doing anything crazy. Just didn’t understand the variable of his position. He literally would have been fine if he had just waited a couple of days. That’s what makes this so tragic and retarded.
“Kearns may not have realized that his negative cash balance displaying on his Robinhood home screen was only temporary and would be corrected once the underlying stock was credited to his account. Indeed it’s not uncommon for cash and buying power to display negative after the first half of options are processed but before the second options are exercised—even if the portfolio remains positive.”
That depends if you’re selling or buying options. You can safely sell calls if you own the underlying stock or even do spreads like this amateur kid was doing. He would have been fine, but didn’t understand how it worked and idiotically killed himself over nothing. Very sad. We all make our own realities and make choices based on the limited data our brains receive. If he had calmed down for a couple of days or even called the broker to simply ask a question, he would have been fine.
He wasn’t doing anything crazy. Just didn’t understand the variable of his position. He literally would have been fine if he had just waited a couple of days. That’s what makes this so tragic and retarded.
“Kearns may not have realized that his negative cash balance displaying on his Robinhood home screen was only temporary and would be corrected once the underlying stock was credited to his account. Indeed it’s not uncommon for cash and buying power to display negative after the first half of options are processed but before the second options are exercised—even if the portfolio remains positive.”
Sad. Another "everyone gets a trophy" victim.
I still remember the Plano TX suicides in the 80s'. I believe the Werther effect is real, and journalists should refrain from publishing.