Robinhood is automatically initiating GME sell orders on users' behalf
Yes I can confirm. Robinhood sold 3 of my GME options as I was selling some of my other positions in order to exercise 3 GME $115C JAN29 for $150 and 6 ACM $7C for ~$5 for me at 2:13pm on 1/29/21.This was when both stocks were near the lowest point during the day.I had ~$110,000 total portfolio with many positions holding penny stocks strictly so I would be able to unload in the afternoon. I had been exercising AMC $7C all day and 2 of them were not sold automatically as I had sell limits on them.Immediately after, both GME and AMC prices went up.This is criminal on a level I have not seen before. An options contract gives me the right to buy the shares at a certain price and that right was taken away from me.The total difference in the GME contracts from the point at which they sold mine and the average price all day was about $35k less. This. Is. Criminal and it must be shut down completely.