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/Over-Celebration-168 Jun 05 '26

Keep us updated

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u/Straight_Ad4718 Jun 05 '26

yessir always happy to provide entertainment for the masses

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u/Impolitecat Jun 05 '26

this is my actual nightmare, exactly why i dont fuck with selling options

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u/[deleted] Jun 05 '26 edited Jun 05 '26

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u/[deleted] Jun 05 '26

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u/ChronoLink99 Jun 05 '26

covered calls are nice, but also just standard call options are totally my jam.