I saw a very obvious misprice and how you got shafted by your brokerage.

I’m telling you for next time so that you can learn how to make that easy $600 extra, but you’re clearly seeing it as an attack.

Idk wth you talking about with that spread, you can literally check the options chain here: https://finance.yahoo.com/quote/SBNY/options/

$50 put options were selling for $49+. I’m sorry Robinhood shafted you.

I’m 99% sure you lost easy money here.

You could have put your price at $49.50 and a market maker would immediately bought you option and executed your option for you.

My guess is you did the midpoint suggestion from Robinhood on the spread or just did a market order and hit the open bid price.

I know I said unless you couldn’t acquire shares.

I don’t use shitty Robinhood that blocks trades. Here they robbed you of $600

You could have went to a platform that let you buy the shares and traded your option to that platform and exercise.

Why would you sell the option? You could have just exercised them for $49.75 each.

Unless you couldn’t acquire shares. In which case you paid $300 for each contract for someone else to immediately buy and exercise your contract on another platform.

You could have opened a fidelity account and bought sbny. Then sold your option to yourself and then exercised. Extra $300 per contract for not much work.

Wsb selling naked FRC puts now. This is how I know FRC has more room to tank.

Thanks for sharing. I’ll follow your trade idea by doing the inverse.