Other brokerages are restricting lists of problematic stocks right now too. It's not just Robinhood. (disclaimer: I have never been a customer or an employee of Robinhood, nor worked for any other broker)
"We have placed some restrictions on the following securities. These restrictions will not prevent clients from making basic buy and sell transactions. This list is as of January 29, 2021, 4:30PM ET.
Covered call and short put orders may only be placed with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions.
Covered calls only allowed if your account currently has the shares
Short puts only if you have the maintenance/cash to cover the entire exercise amount of the short puts
All other complex options orders will not be accepted
Please keep in mind that this list is not inclusive of every security restriction and may change at any time."
I’m really excited about getting good investment advice from these brokerage houses, with them identifying “problematic” securities, that lets me know the others are all safe.
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[ 1050 ms ] story [ 670 ms ] thread"We have placed some restrictions on the following securities. These restrictions will not prevent clients from making basic buy and sell transactions. This list is as of January 29, 2021, 4:30PM ET.
AMC, CVM, EXPR, FOSL, GME, NOK, BB, BBBY, FIZZ, GSX, IRBT, NCMI, TR, UONE, VIR, NAK, NAKD, DDS, KOSS
The following restrictions are in place:
Stocks - 100% holding requirement (not marginable)
Long calls and puts are allowed
Covered call and short put orders may only be placed with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions.
Covered calls only allowed if your account currently has the shares
Short puts only if you have the maintenance/cash to cover the entire exercise amount of the short puts
All other complex options orders will not be accepted
Please keep in mind that this list is not inclusive of every security restriction and may change at any time."
https://www.tdameritrade.com/td-ameritrade-trading-restricti...