Submitted by RockAndRollMeansWell t3_10mwodg in wallstreetbets
_ThatsMyQuant t1_j65yn4f wrote
There’s no recourse because you didn’t have the money to take on the full amount of those options. They do this to every account unless you contact them on Fridays and let them know you have no intention to exercise and will sell before market closes. It’s not a guarantee but it will buy you a lot more time (3:56 PM is the latest I had gotten to on an option expiring at 4:00 PM fwiw).
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