"But then everyone here is like "bRB BuYiNg sPy $200p 0DtE!!! 50-75 bp is coming! Why they do dis?"

Because everyone here is a hedge fund derivatives trader, and douches like you who say "retail" are actual retail traders who buy and hold SPY.

So, fuck off and go buy SPY calls on your bloomberg, fuckwad.

" Now what do they consider liquidation price? The fucking price they have listed on the website! This is likely why all their cars are overpriced. "

I bought puts today, but I don't think you are right in saying the sales price is equal to cost of inventory, if by "price on the website" you mean the sales price.

Cocaine down - short calls on SPY

Meth up - short puts on IWM

Like a real hedge fund manager and drug dealer, sell both sides and win no matter what happens.

If NBBO is 1.4 by 2.28 an he got a fill at 1.1 then that is lawsuit against the broker, no matter what the net liquidation amount. Especially if the broker internalized the order (sent it to Citadel or Virtu or the likes) while the NBBO market was way higher. No fucking way a broker can or should get away with not offering NBBO to customers.

You need to know how deep was the 1.4 bid.

It is possible that it was one contract and somehow the removed and the next best price was 1.1.....but I doubt this was the case because on the internal value of the contract being greater than 1.1....

You need to call them and complain and get your money back.

Still waiting for VM's savage answer on the follow up question, but it ain't that smart....yet.