6 ms·
Trading options on Robinhood
by e9 6y ago
Trading options on Robinhood
- quickthrower2 6y agoTendies
- bratak 6y agoMay share your strategy?
- e9 6y agoI sell puts a week out at the strike price where I have about 90% chance of winning(Robinhood provides the odds). Obviously you get it wrong sometimes so you have to buy the shares so I always trade on stocks that I don’t mind owning. If I buy the shares then I sell call option a week out at the strike price equal or higher than what I paid to buy shares and it usually comes back up within a month or so.
- marketgod 6y agoYou can use the Wheel it's bit more effective.
- mrfusion 6y agoHow do odds work? Would I need an account? What’s the wheel?
- e9 6y agoYou need an account and request approval for trading options but don’t think you need to put any money. Not sure about wheel, I’ll have to take a look.
- bratak 6y agoThanks for your explanation. Good luck!
- giantg2 6y agoI'll upvote on the options, but I don't endorse RH for most. They are slow to react to corporate actions and have more glitches than others.