CBOE clearinghouses just destroyed retail accounts to the tune
of about $100 million in RSX (and counting). I don't have a
source yet but apparently they didn't allow anyone to exercise ITM
puts in RSX (which is halted) because they can't locate short
stock. This is a massive FU to anyone who was trading this
prior to the halt. RSX got halted at 5.65. You couldn't
exercise the 20 puts without already owning stock! And it might not
be over yet. The etf is still halted and there is still open
interest out there. Imagine being long puts for $15 in-the-money
and being you can't exercise them?!?! Or using them to hedge a long
portfolio that has Russian exposure?!? Yikes
If anyone has any information on this or if I'm inaccurate on
this please feel free to reply.
CBOE clearinghouses just destroyed retail
Posted by pep8261 on 21st of Mar 2022 at 10:15 am
CBOE clearinghouses just destroyed retail accounts to the tune of about $100 million in RSX (and counting). I don't have a source yet but apparently they didn't allow anyone to exercise ITM puts in RSX (which is halted) because they can't locate short stock. This is a massive FU to anyone who was trading this prior to the halt. RSX got halted at 5.65. You couldn't exercise the 20 puts without already owning stock! And it might not be over yet. The etf is still halted and there is still open interest out there. Imagine being long puts for $15 in-the-money and being you can't exercise them?!?! Or using them to hedge a long portfolio that has Russian exposure?!? Yikes
If anyone has any information on this or if I'm inaccurate on this please feel free to reply.
Don't want to get caught
Posted by retirefire on 21st of Mar 2022 at 10:18 am
Don't want to get caught in anything anymore with out a plan and I've bad at it. I think it's clear at BPT be prepared for headwinds