tdameritrade ameritrade tdameritrade.com ameritrade.com tdameritrade change my limit order to a market order costing me over $2000 Omaha, Nebraska Nationwide
Put in a limit order to sell 9 PCLN Oct 31 puts @ $9 before the market open, I check back about an hour later to find they sold my stock options at market for a price of $2.70 giving me a loss of over $2000. The pcln stock options traded as high as $6.40 that day, that is a differance of $3330 from the market order that they wrongfully sold my stock options at.
I called tdameritrade as soon as I notice what they did, the first two calls I made I was put on hold after explaining the mistake they made, they never came back and eventually I was disconnected. The 3th call I made they told me they would look into it, but they assured that nothing would be done!
If you value your money, I would advise you to keep clear of tdameritrade.