HOOD Option Trade Could Unlock a 49% Annualized Return

Robinhood Markets (HOOD) stock bounced off support at the 110 level on Friday as it aims to evolve from a trading app into a broader personal finance platform. By using a combination of option strategies, we could potentially buy the stock for a significant discount, or achieve a healthy profit if the stock trades sideways. More News from Barchart Here’s the trade: Sell to open the HOOD February 20 put with a strike price of $105, which was trading around $5.55 on Friday. Then, add a bear call sprea ...