Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Schweigi on Thursday January 28, 2021 @08:57AM (#25941770)

I just tested it with IBKR and was able to create a call buy order (exp 1/29, $500 strike) for a single contract.

Info: Market was closed so the order wasn’t executed but it was accepted by the order system before i cancelled it.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by aynyc on Thursday January 28, 2021 @09:17AM (#25942024)

I don't know IBKR's system, but most OMSs will accept an order unless it's blatantly wrong such as invalid stock. It's the execution engine that really enforce the rules.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by rvnx on Thursday January 28, 2021 @09:09AM (#25941921)

I have a message: "Transactions in this instrument are limited to closing-only trades" @ Jan29'21 300 CALL GME.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Schweigi on Thursday January 28, 2021 @09:24AM (#25942126)

You’re right. I get the same message for Jan 29’31 300 CALL but do not get the message for the $330 or $500 strike. Looks like its only for ITM strikes.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by rvnx on Thursday January 28, 2021 @09:34AM (#25942270)

This is sad indeed :(

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by leonroy on Thursday January 28, 2021 @05:15PM (#25950199)

Tested IBKR today - I was able to place a simple Limit order for GME stock which was good till close but when I refreshed to view my list of orders it shows as Cancelled.

Tried it twice, did the same thing each time.

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