How did you find that? Do you actively scan for penny options on big stocks? I did something like that years back and got assigned too but it was only 10 contracts. Sweated a bit over the weekend but was fine. Not gonna lie I probably would have tried this trade if I saw it. I was too busy trading mag5 earnings this week.
Had to be some sort of institution or MM sweeping up risk hedges or EOM bookkeeping. Maybe even robin hood themselves? You might have got away with it if you went smaller.
How often do you think people actually do stupid shit but fuck up so hard that RH has to pay for it?
Or does RH have retard insurance they bought from some other company?
One reason why I could never get into HOOD is because of all the retards here doing dumb shit and finding infinite money glitches. Anyways, HOOD at 130B market cap when BLK is at 168B makes 0 sense but I might have bought into HOOD probably 6-12mo after IPO if it wasn't for WSB. Personally I think it resolves with BLK market cap going higher or HOOD stagnating or going down.
Tricky one, they will miss earnings, things dont look good under the hood. but there could be surprise guidance, and it is prone to random massive pumps.
I'm on the fence, so can't say sorry.
If i had no choice but to bet, i'd say down. But i'm like 51/49.
Selling deep ITM spreads makes no practical sense. You get the same result selling far OTM spreads of the opposite direction.
Way less risk of assignment and getting dicked on by interest on those shares
All in all you didn’t lose much cuz hood has really cheap interest. If it was Schwab ud lose thousands
PS- sniping these for 0.01 is indeed a good deal tho, theoretically.
Only time I ever did prediction market on Hood was with some spare change on UFC fights … it’s too bad I didn’t have more money to throw cuz I’m like actually good at UFC and NFL betting
I can just bet on sports with DraftKings so that’s where I spend a lot of money lol
This year I’ve wagered $32,000 to win $32,850 😂😂😂😂😂😂 need to stick to UFC and NFL cuz other shit turns me into a 50/50 split