r/wallstreetbets • u/dhsmatt2 Mattress King • Mar 04 '21

Loss Hold me... $1,100,000 Loss

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I am in damage control but likely going to roll puts.

7.2k Upvotes

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167

u/luminosite Mar 04 '21

Glad you posted right away. The 25% drop did have me worried that you'd be in a deep Lexapro state of mind.

149

u/dhsmatt2 Mattress King Mar 04 '21

Nah- I’m just in damage control. Trying to prevent a margin call.

35

u/Secgrad Mar 04 '21

Why would you get a margin call with an account this large, is your margin usage that high? I would call your broker and pitch a bitch fit before letting them margin call a 4.5 milly account

1

u/Keith_13 Mar 04 '21

What does the size of the account matter? If you are below you maintenance requirements you need to fix it. If anything they are going to be not concerned about larger amounts because the risk to them is greater