Re:Robinhood launches 3% checking account
by stevewodil on Thursday December 13, 2018 @02:47PM
(#18675367)
Hahaha, I love this comment because when I'm trying to buy options it always makes me chuckle how they allow these type of people to trade naked options
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Re:Robinhood launches 3% checking account
by superfrank on Thursday December 13, 2018 @03:50PM
(#18675957)
You can't buy a naked call/put.
Naked, covered, and cash secured are terms used to describe how you are covering your downside when you are selling options.
When you buy an option, your downside is always the cash you spent on the option, so you don't have different types of purchases. When you buy you are just buying an option.
As for Robinhood, they don't allow for selling of naked options, only covered and cash secured.
Re:Robinhood launches 3% checking account
by stevewodil on Friday December 14, 2018 @08:49AM
(#18680742)
Interesting, thanks!
Re:Robinhood launches 3% checking account
by stronglikedan on Thursday December 13, 2018 @03:52PM
(#18675977)
People just like to have options, I guess.