Well another mistake on my part may net me some money.
I failed to close out 10 1650 calls on friday and failed to call the broker by 430 to decline execution.
It was in the money by 71 cents.
Dont have 1,650,000 in cash in the account.
Called broker to ask what happens monday. Was worried they might sell my LEAPS to pay for the call.
Don't know what other brokers do but mine will sell the stock that the calls obtained at market open.
I will then owe or be owed the difference.
Will I be banned from trading for 10 days ?
WILL THE WIFE FIND OUT ?