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When the price mayhem was happening there was a discussion here on HN, and someone claimed that brokers would either never let retail investors handle contracts
by brazzy 6y ago
When the price mayhem was happening there was a discussion here on HN, and someone claimed that brokers would either never let retail investors handle contracts with physical delivers, or forcibly close the positions several days before the deadline.
Looks like Interactive Brokers fucked up in more than one way here.
- fludlight 6y agoDon't know why you're being downvoted. Physical delivery IS a third rail for retail investors and brokers should absolutely have a field in their settings page that authorizes them to close the position x days or hours before maturity.