Oh fuck. lol but still, he should have had sufficient BP in the account to cover.

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If an in the money option is purchased the account should have sufficient BP for an immediate exercise. If not the trade should kick for review. Guessing this guy doesn’t have anywhere near the $needed for this exercise which should have then prompted a call from the BD and a reject on the order.

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Another question is why did they let him take this position in the first place. There is no way he had sufficient BP to fill the trade.

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FOMC cut 25 BP

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That would be amazing. Or 50 Bp cut. Go hard or go home 

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Rate cuts going to be 50 bp, and we will reach SPY 700

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Will JPow take the hint? Surprise 50 bp rate cut?

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