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value1024 t1_j69keba wrote

Reply to comment by RockAndRollMeansWell in TD Ameritrade Closed out my options for big loss by RockAndRollMeansWell

You need to know how deep was the 1.4 bid.

It is possible that it was one contract and somehow the removed and the next best price was 1.1.....but I doubt this was the case because on the internal value of the contract being greater than 1.1....

You need to call them and complain and get your money back.

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BadonkaDonkies t1_j6cqexy wrote

He did not have the liquid to take on the risk. They came in and mitigated risk for themselves. You don't get any money back here

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value1024 t1_j6cynfo wrote

If NBBO is 1.4 by 2.28 an he got a fill at 1.1 then that is lawsuit against the broker, no matter what the net liquidation amount. Especially if the broker internalized the order (sent it to Citadel or Virtu or the likes) while the NBBO market was way higher. No fucking way a broker can or should get away with not offering NBBO to customers.

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