Only he wanted it to close the following day, due to the pattern day trading rule. I've tried stuff like this before (maybe less dramatic) but have to go for a bigger range because I don't want to be penalized as a pattern day trader either.
Sometimes, I like to short sell something I hold in another account so I can transfer it over if things go south. But if you do that frequently, I learned today it is considered a "boxed position" which is considered risky.
So I asked the broker why because a covered put is far LESS risky than a naked put and he told me that is what they are required to say.
They aimed at crashing the market by screwing around with the Dow index. Watching it each day makes that clear. They will fail as all other plots against us have. They are running out of days to get that done and the coming huge GDP number just about ends that plot so the fools on Wall Street will come up with a mouth full of ashes.
Your BIL is a fool and will get crushed.
bttt
1) Firms often donate to Democrats in the hopes that they won’t put them out of business if they get elected.
2) Good luck to you with your gambling with stocks. Investing it’s not.
If Joe Biden were a Republican, and Republicans were trying
to pull what the Communist Democrats are, does anyone here
think the MSM would agree to be a party to it?
If the Republicans planned to set up an anonymous normal right
wing group to make decisions for our Biden behind the scenes,
one that didn’t even plan to overturn the present Constitution,
would they think it a reasoned adherence to the Constitution
of the United States, or would they demand Article 25 be put
into play?
The Communists in our midst are poised to set up a blind
politburo behind Biden. We won’t know who is in it. We
won’t know their past. We won’t know what infractions
the members of this group could have committed. We won’t
know if they are felons, former terrorists, actively
trying to take down the present form of government
we have. There would be no review. Everything would be
done out of sight by people hidden from our view, or
even review.
Who knows what Biden really thinks about this? Is Biden doing
any actually thinking these days? He can’t stay on topic
for long enough to voice a coherent sentence.
His wife speaks up for him, while his head is wobbling
and his eyes are rolling... ah you know. (Two can play
that game Joe)
Then you get these public entities who seemingly think
this is the best to come down the pike since sliced
cheese.
What the hell?
I used to work at MBNA.
BoA bought them for 35.5 billion dollars.