Robinhood app suicide11/28/2023 ![]() His investing value of $16,176.14 indicates that his account was still in the positive.Ī Robinhood spokesperson told in a statement: 'All of us at Robinhood are deeply saddened to hear this terrible news and we reached out to share our condolences with the family over the weekend.' It's likely that the negative balance appeared in Kearns' account only temporarily, as one half of the trade settled before the other did. From his note, Kearns appears to have been using what's known as a 'bull put spread,' a strategy that limits risk for a trader by both buying and selling put options at different strike prices.
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