AskMyUncleSam

@ProudlyTurk @TyzenTrades Yup

Saw a guy lose high 5 figures getting trapped in the $SVIB halt looking for a scalp, careful if you're playing these smaller bank names.

@TraderNickyBAT @FantasyChamp1 @tastyliveshow @TraderMikeyB I was told I couldn’t close out because I don’t have the underlying shares. Any guidance ?

@AskMyUncleSam @FantasyChamp1 @tastyliveshow @TraderMikeyB You’d be short shares at $125 (basis would be $98). It likely won’t be trade-able until settlement is reached but assuming it happens in the next couple weeks. Gain will be determined on settlement but assuming it’s near zero you’d make up to +$9800 a contract. Home run

Tune in as @TraderNickyBAT and @TraderMikeyB explain the $SIVB & $SBNY fallout and how options positions may be settled. ontt.tv/rlaY4

@TraderNickyBAT @FantasyChamp1 @tastyliveshow @TraderMikeyB Also what would be the gain on 3/17 strike 125 and I paid $27 a contract. Since there is no IV and im not sure

@AskMyUncleSam @FantasyChamp1 @tastyliveshow @TraderMikeyB You’d be short the shares, the shares are worthless so it’s a home run.

@TraderNickyBAT @FantasyChamp1 @tastyliveshow @TraderMikeyB Thanks so I will call J.P. Morgan and say “ I want to exercise my puts “ and I receive my cash ? Sorry this has never happened

@TraderNickyBAT @tastyliveshow @TraderMikeyB What does this mean?

@tastyliveshow @TraderMikeyB OCC Memo is out

@TraderNickyBAT @FantasyChamp1 @tastyliveshow @TraderMikeyB Thanks ! So I can tell my broker to exercise the long put . But does then mean I actually have to buy the shares ? I do not physically have shares. I established a buy to open position

@AskMyUncleSam @FantasyChamp1 @tastyliveshow @TraderMikeyB Can’t trade the option, I’d call your broker and exercise the long put

@TraderNickyBAT @FantasyChamp1 @tastyliveshow @TraderMikeyB I have puts that expire 3/17 strike 125. How do I sell to close when the stock is halted ? If it expires on Friday do I lose my premium ?

@FantasyChamp1 @tastyliveshow @TraderMikeyB Likely going to be put stock

@ElaineBenes99 How does this work? Stock is halted and options expire 3/17

Good news for $SIVB put holders. Might take a while to settle, though. Thanks, @dg1001 for finding this; twitter.com/dg1001/status/…

@LUNAtic_128 @Roar_Singh @joseph81618151 @OptionsHawk What does that mean ? Stuck with unrealized gains ?

@Roar_Singh @joseph81618151 @OptionsHawk I spoke to E*trade and they won’t broker to broker deal $sivb if this doesn’t unhalt or go to otc before the expiry dates. First one is 3/17

Are we able to cash out $SBNY outs though?

@Chatbotcom reach out to me at askmyunclesam@gmail.com

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@andykurtzig hey andy! have a chance to call?

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