[blantonl]

That's correct.

Additionally, Robinhood isn't the only one in a bind right now.

TD Ameritrade has restricted a lot of options trading on a lot of these stocks, requiring you to call in to sell certain types of derivatives plays which have a level of risk but highly profitable for experienced traders.

It's left a VERY sour taste in my mouth to know I have to call into a call center, and wait 90 minutes to speak to someone to execute a trade that puts 100% of my capital at work using zero margin (sell cash covered puts on GME and AMC).

[jerry80]

FYI, eTrade is still allowing these trades. I sold a put on AMC just now.

[coffeeboy27]

You can buy on eTrade, Fidelity, Vanguard, Schwab, WeBull, and others. As of 4pm EST RH has allowed for each user to have 20 shares of GME, an increase from 1 share which was the max at the opening bell.

[ZephyrBlu]

I have seen other people say that you must have a margin account to trade options, so maybe TDA has restricted all margin accounts.

Perhaps this is specific to Robinhood though.

[scruple]

My wife has been on hold with IBKR for the last 2 hours trying to get through to get orders placed.

[SilasX]

It's affecting people even for unrelated transactions. For a wire unrelated to stock investing, I was on hold with Schwab a total of 1 hour over since yesterday, although part of that was from giving up twice.