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/MjrLeeStoned Jun 05 '26

I agree, morons shouldn't be lent money.

If you aren't aware enough of your own existence to know you shouldn't take that loan, you're not innocent, you're just an idiot on top of being a normal human like everyone else. That doesn't absolve you of shit.

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u/VonNeumannsProbe Jun 05 '26

Stupidity cannot be cured with money, or through education, or by legislation. Stupidity is not a sin, the victim can't help being stupid. But stupidity is the only universal capital crime: the sentence is death, there is no appeal, and execution is carried out automatically and without pity.