Over the past months, I've embarked on a journey through the twists and turns of HOOD options trading, I have been trying to hold on to my robin hood stocks. But its proving to be difficult.
October 24th: Rolled over a HOOD call option expiring on February 16, 2024, with a $9 strike price. The premium paid was $18.
December 20th, 2023: Rolled over a HOOD call option expiring on May 17, 2024, with a $9 strike price. The premium paid was $35.
February 21st, 2024: Rolled over a HOOD call option expiring on June 21, 2024, with an $8 strike price. The premium paid was $99.
March 19th, 2024: Rolled over a HOOD call option expiring on January 17, 2025, with an $8 strike price. The premium paid was $46.
April 2nd, 2024: Rolled over a HOOD call option expiring on January 16, 2026, with an $8 strike price. The premium paid was $93.
the premiums paid for each transaction:
Premium from October 24th: $18 Premium from December 20th, 2023: $35 Premium from February 21st, 2024: $99 Premium from March 19th, 2024: $46 Premium from April 2nd, 2024: $93
Total Premium = $18 + $35 + $99 + $46 + $93 = $291
So, the total premium collected from the options transactions was $291.
It seems like you're consistently rolling over your options positions, potentially indicating a strategy of maintaining exposure to HOOD over an extended period while adjusting the expiration dates. Each rollover involves selling the current option position and simultaneously buying a new one with a later expiration date. This strategy allows for the continuation of exposure to potential price movements while managing risk and cost.
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