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Soulbound

01/08/2021 12:34

$Apple im scared, so when that glitch happened , webull said they would reverse a trade and it was a option, well they did but now today it says -30000 buying power, and that I have to deposit it in a few days, I only spent 680 on two calls. I don't know what to do and I definitely don't have that money, and it doesn't make sense. please help
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(8)

Long Short01/08/2021 15:34
Cut losses short Let winners run on

Soulbound01/08/2021 15:34

They fixed it lmao i didnt have losses

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Soulbound01/08/2021 13:27
update

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Kaeh11049801/08/2021 13:27
Were the options calls or puts? Did you underwrite the option? I highly doubt you did with only $700 in your account.

Soulbound01/08/2021 13:27

two options of apple , 680 total

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elon and ye mode01/08/2021 12:42
gg yolo lol

Soulbound01/08/2021 12:48

they reversed the options for me and this is what happened , it's on them.

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Carter01/08/2021 12:41
what probably happened was, ur options expired today right? And if the price of the stock is lower than ur strike, I believe webull asks you before you purchase the option โ€œwould you like webull to exercise the option if it is not above the strike price.โ€ You prob accidentally clicked off that box, so it purchased 100 shares of the stock at 300$ a piece. If ur strike was not 300 dollars then forget everything i just said. But if it was, it adds up, and i an guessing u have 100 shares of a stock that is probably like 305 dollars a piece. You can sell the 100 shares i think to get most of the money back, and then u would have to cover the remaining cost, but it would be a few 100 instead of 30k. Going forward, maybe dont have the box clicked off, and dont get calls expiring the next day. It is alright tho, I hope it works out man๐Ÿ’ฏ

Soulbound01/08/2021 12:44

The contracts were being reversed by webull thats when tgis happened

Soulbound01/08/2021 12:43

They expired next month

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Rocket01/08/2021 12:39
Wait untill 9 am, their system will be stable by them. sometime i have seen stuff like this autocorrected during opEning bell

Soulbound01/08/2021 12:41

ok

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AslanTrading01/08/2021 12:37
Contact them there must be a mistake

Soulbound01/08/2021 13:28

I think they figured it out, I hope, thanks bros

den***com01/08/2021 13:26

please don't stress man - we will help you through this collectively. but let's make sure it's not a glitch first - they can't charge you what you don't have - so just tell them to cancel order. you may lose the 700, but if you do we can try to cash app you some money to get going again. only takes $200 on a good play, to get the money coming in again. head up brother, please don't stress.

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