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Trader Is Shocked: 503k Deficit On 2k Account

July 24, 2024 5:20 pmJuly 22, 2024 7:51 pm by Alex

I bought a credit spread on $spy on July 9th, expiring this Monday (7/22). After some time (days before expiration) I check my robinhood app and my account is flagged with an account deficit, and a regulation T call. There is also a new position opened of a $557 put with 9 buys and 900 shares of SPY. My account even has margin investing disabled. I don’t know what to do as I don’t have a spare 501k. What should be my next move?

https://www.reddit.com/r/wallstreetbets/comments/1e7xf1u/503k_defict_on_2k_account/

See also  The structural deficit is the elephant in the room, Inflation expectations remain stubborn
Tags account.”, deficit, shocked, trader
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