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Can anyone here verify that this was possible while markets were open? Buy call option, exercise, get more shares than RH's trade limit: https://old.reddit.com
by vsareto 6y ago
Can anyone here verify that this was possible while markets were open? Buy call option, exercise, get more shares than RH's trade limit:
https://old.reddit.com/r/wallstreetbets/comments/l82y7u/how_to_buy_gme_above_broker_limits/ https://old.reddit.com/r/wallstreetbets/comments/l82y7u/how_...
- valuearb 6y agoFastest way to put Robinhood into liquidation so you can get a fraction of your account value back years later.
- deleted 6y ago[deleted]
- ajsharp 6y agoThat's just how a call option works. I don't know the specifics of custodianship around an executed option and what collateral the buyer's broker is responsible for upon execution, but it's probably equivalent to buying 100 shares. With respect to it being possible -- if RH denied options holders the right to execute they'd be prosecuted and fined an enormous amount. There is quite literally a contract that says the buyer has the right to acquire shares in a certain scenario -- the buyer's broker responsibility here is simply to facilitate, and is in no place legally to deny that right.