via WSB:

The OCC has released guidance allowing FRC put holders to money out and exercise their puts. Multiple brokerages like IBKR and Fidelity are allowing put holders without shares to exercise right into a short position in the event that they have enough money collateral.

Robinhood can also be allowing FRC put holders to exercise. Nevertheless on account of their policy against short selling, most put holders are unable to exercise and money out.

Robinhood playing chicken with my life savings

I falsely assumed Robinhood had its users best interests at heart. The truth is I used to be so confident, that I arrogantly claimed Robinhood would allow me to exercise. Robinhood had previously allowed SBNY put holders to exercise. I foolishly used this amongst other misinformation to misconstrue that Robinhood cared about its customers. I’m deeply sorry to everyone I lashed out on defending such a corrupt, vile, dishonorable company.

Yes I actually have an enormous stake in making this post: my life savings

I greedily ignored the recommendation of WSB and held my winning position until FRC was halted. I used to be overwhelmingly warned to not count on Robinhood to do right by its customers. I’m extremely regretful for not listening. I do know I’m not the best person to be championing this. I acted like a cocky asshole to everyone because I used to be so sure of myself. I used to be unsuitable and I’m sorry.

Nevertheless, this is greater than my dumb degenerate gambling ass. That is an injustice. Robinhood has every ability to money out FRC put holders. Yet they may allow individuals who appropriately bet against First Republic to lose every thing. Hundreds of dollars in Robinhood customer’s FRC puts will expire worthless on Friday. We cannot let Robinhood get away with ripping its customers off for hundreds of dollars. This billion dollar company treats it’s users like worthless pond scum. F*CK ROBINHOOD.

I urge everyone reading this to achieve out to Robinhood via Twitter and other social media platforms. If Robinhood bends to the pressure and allows short selling on FRC for put holders, I’ll donate $10,000 of my gains to the Autism Society of America. Under threat of ban, I make this donation pledge.

Footnote: Yes, I’ll try to sue Robinhood in the event that they don’t allow me to exercise. That is my last ditch effort to exhaust all routes before taking that leap.