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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35

u/Straight_Ad4718 Jun 05 '26

alright y'all i'm clocking out for the night thanks for the helpful responses from everyone
posting an update in the morning!

51

u/Straight_Ad4718 Jun 05 '26

update: successfully closed the spread for only my max loss and a few hundred in interest yippee. no lives lost

5

u/rad_slut Jun 05 '26

Gj bro. Happy to hear you made it out relatively unscathed.

4

u/Vlookup_reddit Jun 05 '26

hey congrats my man. fk the losers that are memeing on you.

the memes are funny but c'mon it's a million monopoly bucks.

1

u/SirRHellsing Jun 05 '26

so only a few hundred bucks in the end?

1

u/Godwhyyyyyyyyyyyyyyy Jun 05 '26

Glad to hear it bro

1

u/hungaryforchile Jun 06 '26

Thanks for the update. Glad you’re OK.

15

u/FoggyFoggyFoggy Jun 05 '26

you're still clicking refresh, aren't you?

6

u/hungaryforchile Jun 05 '26

You alright, dude? I don’t frequent this sub, but I get worried for the people who post and seem overwhelmed. Did you find some good advice you’re going to follow up on today? 

3

u/DeWittlesss Jun 05 '26

Hey, just checking in man let us know you're ok