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That's correct. Additionally, Robinhood isn't the only one in a bind right now. TD Ameritrade has restricted a lot of options trading on a lot of these stocks
by blantonl 6y ago
That's correct.
Additionally, Robinhood isn't the only one in a bind right now.
TD Ameritrade has restricted a lot of options trading on a lot of these stocks, requiring you to call in to sell certain types of derivatives plays which have a level of risk but highly profitable for experienced traders.
It's left a VERY sour taste in my mouth to know I have to call into a call center, and wait 90 minutes to speak to someone to execute a trade that puts 100% of my capital at work using zero margin (sell cash covered puts on GME and AMC).
- jerry80 6y agoFYI, eTrade is still allowing these trades. I sold a put on AMC just now.
- coffeeboy27 6y agoYou can buy on eTrade, Fidelity, Vanguard, Schwab, WeBull, and others. As of 4pm EST RH has allowed for each user to have 20 shares of GME, an increase from 1 share which was the max at the opening bell.
- ZephyrBlu 6y agoI have seen other people say that you must have a margin account to trade options, so maybe TDA has restricted all margin accounts. Perhaps this is specific to Robinhood though.
- scruple 6y agoMy wife has been on hold with IBKR for the last 2 hours trying to get through to get orders placed.
- SilasX 6y agoIt's affecting people even for unrelated transactions. For a wire unrelated to stock investing, I was on hold with Schwab a total of 1 hour over since yesterday, although part of that was from giving up twice.