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I would have lost over half a million had not gotten out Monday. I believe the grace of God helped me liquidate near 1000 flys on Monday one day before the break out. Sorry to everyone for the worst trade in history. On the bright side, I believe this loss made me a better person. It nearly took everything away from me and taught me not to take anything in life for granted because it all can be gone with one press of a button (in my case, many presses). It's only money. My biggest fear was this trade was going to take away my health, friends and family. A loss that would have ended everything. I know we traders want to make money trading, but I think if we focus too much on money, the more we tend lose it. Good trading is all about the process and not the money.

As much as I dont care for Vegas - I would go to Vegas rather than trade this stock.

True. There are many options (no pun intended) and one size does not fit all. I have accounts at tastyworks and Tradier (plus ONE) as well. I have tried many of others over the last decade plus, but for me, TOS is my choice and is worth the potential extra cost. (I didn't like the TOS comms for the very low priced SO trades...I use Tradier for that. But the bulk of my trading is not 20 cent spreads, so I use TOS.)

Nancy Reagan's words spring to mind": Just say NO (to the trade whether you have a toke or not is your business)

I was at 1.50 with TOS for years. About a year ago (maybe a bit longer), suddenly TOS became open to lowering the rates. I managed to get down to 0.75, and I know many others who also managed the same. I also heard that some managed to get down to 0.60, but they were doing very large volume. I do not know if they are still quite as accommodating. An added bonus for TOS, at least for me, is that customer support has been very good. That said, if the smart routing at IB really is much better than TOS, that could make a big difference. Ergo, my original question.

My plan is to forget about this stock and move on. I played along and took a small loss on 2 flies Monday. Borrowing from Harry Potter (Currently reading it with my 7 year old). TLRY = "He-Who-Must-Not-Be-Named"

Well, it’s not much, but I was able to make a decent profit selling put credit spreads on TLRY. On Monday, I sold the 12 Oct 140/135 put spread for $4.41 and just bought it back for $3.25 (23% profit on $5 spread). I also sold the 21 Sep 120/115 put spread for $3.20 and bought it back yesterday for $1.45 (35% profit). Give the volatility of the stock, I don’t think I’ll try this again, but wanted to report a slightly positive outcome. Many condolences and thanks to @clipsnation183 for suffering through a literal cautionary tale to help make us all better traders.

I wouldn't touch that. I haven't run the numbers, but it might not make sense with the fundamentals. Maybe you need to sell pot to every person on the planet and maybe aliens to justify the valuation.

I only had a couple of 105/115/125 iron flys opened for 10.50 credit - yesterday afternoon I bought back the call side of the trade for 7.30. I left the put side in play, figuring that with its sky high IV of near 300% (and 4x that of the calls) it would take a huge move below 105 for the put spread to trade near its width. I figured the risk/reward setup well for the put side to remain in play - of course it was easy to make this decision with only a couple of flys in play

Hi all. I have been following this trade idea with interest and could easily have been caught doing a few of these. I have reread a couple of articles from Kim and others and I would suggest that it is worth reading " How position sizing impacts your returns ". It is a great article to read. I have posted a question to Kim about how many is the max positions a trader should have open at any one time.

Wow. What a wild ride. I guess a straight call or call debit spread would have been the better play.