Willing to exit HOOD at $105 assignment; prefers re-entry if price drops from $120.
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So, here's Robin Hood. Robinhood is currently trading at $120 per share, and I have a covered call at $105. So, this is actually a deep in the money covered call, and I will be assigned to this position on the December 18th expiration date and I will lose my shares.
I am actually in profit on this covered call, so despite being in the money , I am still making a profit even if I close this trade. This is because I have been using my rolling strategy to collect as much income as possible as the stock price increases.
But honestly, I'm willing to get out of Robinhood at $105 per share. I think I would see a better opportunity if the price dropped a bit, where Robinhood is currently trading at $120. I can invest in the stock again.
So, if the stock price is higher than $105 on December 18th , I am willing to let my shares be sold.
What this channel has said about $HOOD
Invest with Henry has 2 calls on this stock; only the adjacent ones are shown.