Friday, January 21, 2022 -- $74,795.75 (-$11,644.96, -13.47%)
Friday, January 21, 2022 -- $74,795.75 (-$11,644.96, -13.47%)
A lot happened today! As is evident, much (all) of what happened was not good. The market began crashing yesterday evening so I dumped all of crypto at significant losses. Then KIND dropped, and because there was insufficient funds in the portfolio to pay for the exercise of all 400 option contracts (40,000 shares), Robinhood went ahead and sold 251 option contracts. When the broker does a liquidity sale, they do a simple at-the-market sale which tends to work out badly when it is for option contracts which are lightly traded, such as KIND's options. Well, the net-net is that the portfolio had its 2nd largest percentage daily drop and is now at its lowest point since the inception of this blog. We'll see how this shakes out next week.
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