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ConradSchu t1_je9rjlj wrote

Oh man I remember that day so well. Tried so hard to get my positions in but couldn't. Robinhood initially was going to offer some sort of compensation for those who tried to take positions but couldn't and I submitted a ticket for it.

They responded with a list of my attempted trades and asked which one I felt I lost potential money on. They were all puts. Every one. I would've lost a lot of money if they went through. The outtage saved me money. So I decided we were even and closed the ticket.

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sub-t t1_je9sydi wrote

That's the best thing I've read this morning. It would have been great had they invoiced you with the associated loses you didn't incur.

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Sllyce t1_jea3vbs wrote

Wow , what if we just don’t trade and save even more money

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ConradSchu t1_jea5nw9 wrote

I have found this to be true 99% of the time regardless what is happening.

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Sllyce t1_jea67ds wrote

Maybe we should be the ones paying Robinhood for the outage

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ConradSchu t1_jea78xr wrote

Or if they would actually require proof of trading experience before enabling options trading. But then they would go bankrupt in a week.

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TF_Sally t1_jeae9ec wrote

I managed to submit a deeply ITM spy put order for less than the bid price and took a screenshot of it

I submitted a help desk ticket and threw in some language of volatile of finra best price duty or some such

They offered me $900 which was about my loss amount and I took that shit immediately

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NoleScole t1_jectlum wrote

The outage saved me a lot of money too. I also had all puts, and I gained the next opening day

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McMarkyMarkMark t1_jeakl2o wrote

I’m not sure how puts in March 2020 could have lost money. Until the eom when printer go brrr

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ConradSchu t1_jeaz6hv wrote

Because the big crash was followed the very next day with the largest intraday swing (upward) in market history. Considering it was day 2 of the crash, I thought it was a dead cat bounce. So I was trying to buy puts.

If you look at the charts for those first two weeks, each huge dip is immediately followed by an equal rally (fed injecting QE). It destroyed the put positions I was able to get (they were long term though) and heavily contributed to today's soaring inflation.

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McMarkyMarkMark t1_jebnp22 wrote

Crazy. I turned like ~$6k to $43k Feb to March by being a 🏳️‍🌈🐻.

March 23 JPow kicked up the printer and I lost a lot of gains.

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