Serious question folks....is there a broker that won't sell your options that are ITM near close? This keeps happening and E trade just tells me if I don't have the funds to execute the will always sell them even if my account is noted that I like to scalp options end of day. I had 10 SPY puts I opened before close at .15. Had an open sell order at 1.00. As spy was tanking end of day they sold mine for .53 and less than a minute later it would have executed at 1.00. I probably would have changed that order as the value was shooting up and made more money. Those contracts closed at 1.60.
E trade just cost me a lot of money plus there gonna charge me another margin liquidation fee.
They told me if I don't have the funds to exercise they will sell them no matter what. So either I need 700 grand in my account of I can't scalp options end of day.
So who's Broker let's you do that? Anyone?
Anyone who bothered to look would have noticed that Burry mainly shorted a 600 P/E company and then a much smaller short on a 58 P/E company and nothing else lol