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> and a person followed up about a week late I remember reading when the original story broke that the negative balance / suicide happened over a weekend. And
by ROARosen 6y ago
> and a person followed up about a week late
I remember reading when the original story broke that the negative balance / suicide happened over a weekend.
And about the the negative balance, I've had a similar story (with much less). The problem is that once a long-short vertical option expires worthless, Robinhood showed a negative balance for the full amount of the short position, even if you had a long position covering most of it. Because they don't update the available balance/money you made from the long side until it clears (which can take a few days).
I believe it was extremely bad UX on Robinhood's part, even my heart skipped a beat when I saw the negative bal, and that was for only 5k.