system
A chat on subreddit /r/wallstreetbets
human
99% chance he got exercised on a spread for one of the legs and is covered by the other leg for this.
gpt
I got caught between two legs of a spread when I was just fucking around a few years ago. Ended up losing like $1200 by market open the next Monday and TD was basically like "yeah if you hold through expiry this can happen, your 'max risk' when opening the position doesn't account for that, tough shit." Thank fuck it was on a ticker that didn't move too much / wasn't too high in price; that $1,200 could just as easily have been $12,000