Sell Put Option Trade Call on HOOD

about 1 month ago

"There's a stock I can go to. Let's say Robin Hood. This is a stock that I am currently trading. But actually, Robin Hood's really interesting today. This is a beautiful trade. Robin Hood is down 8%. That's the perfect opportunity to sell a put option. Hello. If you want to buy a stock, you should sell a put option because it's cheaper than buying the stock, right? The stock's at 124. Instead of buying it for 124, what I'm going to do instead is I'm going to sell a put option."

The trader highlights an opportunity on Robin Hood (HOOD) by selling a put option at a strike near the current trading price (124) after an 8% decline. The idea is to acquire the stock at a discount while collecting premium, taking advantage of the current down move.

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