Holy cow!! I forgot I had 525 March calls, and Optionshouse exercised them!! Now I have a boat load of shares, and my Margin Equity is deep the red and got hit with a series of margin calls! I thought brokers don't take that kind of risk, and automatically close the position out. Luckily the margin calls are due wednesday, but now im praying for a good day Monday. Strong close on Friday hopefully means a good day monday.
I guess its good for them, they get interest on my negative cash balance for these 2 days.
I had all my positions (OptionsHouse did not force liquidate anything). I sold 15% of the AAPL shares I received on Friday, and will continue doing so on an hourly basis, regardless of price. But I am glad this Monday has been in my favor, dodged a bullet here!
Ok, my position has been taken off the table, half at 537.4, half at 539.1. Still have my core position untouched, and options in april/july/october/jan'15
Thanks for everyones support! I gotta admit, ppl are a lot more helpful now than a few years back!! GLTA, bears and bulls alike!!
Sentiment: Strong Buy
How do you forget you have ITM calls on OPEX. My broker sends reminders anytime I have options ITM and it is aggravating to me. You could have sold shares short in the after hours market and made out nicely.
My broker spams me even of OTM options on OPEX lol. I dont know why I didn't receive ANY reminders on Friday. I double checked lol. Still my fault though, it never happened to me before so this lesson learned. I just have too many calls for AAPL all over the place (march, july, october, jan) Got sloppy.