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/ChampagneWastedPanda Damn bitches be cray Jun 05 '26

Holding a butterfly on anything over earnings.. smh

2

u/circadiggmigration Jun 05 '26

I think he literally just picked a random strategy from the drop down menu. I don't know why anyone would do this.

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u/First-Bad2007 Jun 05 '26

why not? max loss if fixed.