After yesterday's wild ride with GameStop, Nokia, Blackberry and others surging (which you can read about here if you missed it) this morning Robinhood limited these and other active names like AMC to only closing out positions, not new purchases. Unclear if this is true at other brokerages apart from Robinhood.

Interactive Brokers is limiting options in these names to just closing positions, and requiring 100% margin for long stock positions on these names – and 300% margin on short positions:

It looks like the Brokerages are worried about massive losses in their client base – on both the up and downside – and some of their users blowing up. Unclear if there is more to it than that. Stay tuned...

Robinhood Limits Trading In GameStop, AMC And Others
Robinhood users can no longer enter new GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) positions.What Happened: Screenshots from ...