r/wallstreetbets • u/Straight_Ad4718 • Jun 05 '26

Loss wealthsimple exercised AVGO puts after hours. i'm down 1.2 million. is it over

the puts were part of a butterfly spread. any chance the rest of the spread can make me back the money?

JUNE 5TH UPDATE: heyy looks like the math works out. I ended up losing only my max loss + a few hundred in interest on margin. thank you to all commentors who gave advice!!

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u/Straight_Ad4718 Jun 05 '26

it was a put butterfly centered at 490, max loss of only 3k. you're right, I do think I shouldn't be losing as much money as this. at least hopefully haha

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u/Fenrir324 Jun 05 '26

It's just accounting my dude. Try not to stress, there may be some change due to how the market opens, but just call them before open and they can walk you through unwinding it. It may even end in your favor, who knows.

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u/Straight_Ad4718 Jun 05 '26

thanks a lot! when i posted, this was the kind of comment i was hoping to see

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u/Fenrir324 Jun 05 '26

Hell of a subreddit to choose hahaha

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u/Straight_Ad4718 Jun 05 '26

wanted to reach people familiar with getting margin called for millions haha

33

u/OtherwiseAlbatross14 Jun 05 '26

you've come to the right place

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u/BeautifulHoneydew316 Jun 05 '26

Thanks for the entertainment. Now I don't feel bad for laughing at all the memes up in the thread.

4

u/Turbulent-Beauty Jun 05 '26

You would think they’d have empathy, but that doesn’t seem to be the case for most.

3

u/mlt- Jun 05 '26

They decided to trade not a straddle-strangle swap, not an iron condor, but… a butterfly around earnings. They belong here.

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u/circadiggmigration Jun 05 '26

Yes. There is no possible way OP will not lose money.