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What? This is your opinion and certainly not any objective truth. It does have a decent UI, but far from a "masterclass". Completely dark-pattern ridden to hav
by dangom 6y ago
What? This is your opinion and certainly not any objective truth.
It does have a decent UI, but far from a "masterclass". Completely dark-pattern ridden to have people lose money more often than they can turn a profit.
Check out OptionStrat, for example, for a far better interface for understanding options.
Robinhood:
- No user-facing distinction between ITM and OTM options.
- Confusing to know whether you are buying or selling, since UI doesn't always update to reflect a new choice.
- IV and greeks hidden from buying interface. Need to click on bid-ask spread to see them.
- No way to know what the impact of said statistics are on options price development. Designed to have new investors lose many on FDs.
- No way to discover good options deals without clicking 1k times back and forth.
- Unlike shares, no way to follow options price development until you actually buy them (except for day's % change).
- Surprising pricing rules. Market price listed at 0.28? Cool, but you can't actually buy it for 0.28, since for this particular offering only 0.25 or 0.30 are allowed.
- Bought an option? Cool. How do you actually turn a profit after buying? How do you exercise it? No way to know until you actually buy it. No directions to "documentation" from the actual UI.
It's a masterclass in making fish accessible to sharks, not derivatives trading accessible to morons.
- runawaybottle 6y agoYeah, you really figured it all out. You’re totally right.