So I have a Cash account thru a popular platform.

I bought 18 puts @ $1.50 strike on HIVE expiring June 27
>was playing earnings

Earnings came. HIVE did not divebomb. My puts should expire worthless.
I should only lose my premium of $100.

Now somehow they are worth $35.
>even though HIVE is the same price as before earnings
And I can't close the position.

Am I about to get forced into a short position on 1800 shares of a stock I don't own
>at .30 cheaper than what they are priced currently

BUMP

>>60555106 (OP)
>ramajeet babu did not read the T&C of an exotic derivative contract he longed
>PLEASE WHITE MAN SAVE ME

Natural selection

>>60555165
>long puts are exotic
Not everyone here is a street shitter

>>60555213
>ramajeet babu clearly did not buy vanilla options
>BUT SAR I NEED TO REDEEM

Natural selection

>>60555244
>vanilla
Nigger what do you think a long-put/call is???
https://optionstrat.com/build/long-put

I should only be on the hook for the premium

>beep boop the bot is thinking

>>60555269
>SAR YOU THE BLOODY

Natural selection + you're brown

>>60555323
>losing $800 = natural selection
Why are you so poor?

>>60555337
>SAR YOU THE BLOODY

Natural selection + you're brown

Fucking kek

If you BOUGHT puts then if they expire worthless you lose all the money you used to BUY them.

>>60555411
>can the bot say something otherwise

>>60555526
yeah no shit

>OTM puts @ $1.50

>HIVE was $1.80 before earnings - and still around $1.80

>yet somehow my contract is worth $35

So it won't expire worthless.
AND I can't close the position (because they are damn near worthless)

Shit's rigged

>>60555573
>>yet somehow my contract is worth $35
Doesn't mean shit if there is no liquidity especially when it comes to microcaps. In your case the options were expiring in mere hours and no one in their right mind will buy those options.