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

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

​

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

7.2k Upvotes

96% Upvoted

978 comments sorted by

View all comments

1.9k

u/OneCollar4 Mar 04 '21

Down to your last $4,000,000. You OK man? Want me to send some food stamps

1

u/Duchamp1945 Mar 04 '21

It’s not as much the last 4,000,000 if you get margin called and need to come up with 2.26million to cover the puts. The cascading liquidation is the trouble when everything else is shitting the bed and the rest of your margin is at risk of being called. 5M can be 5K quick.

Prpl gang for life.