How can I prevent Robinhood from automatically selling my cryptocurrency options?
Hartley AdcockDec 26, 2021 · 3 years ago3 answers
I recently noticed that Robinhood automatically sells my cryptocurrency options without my consent. How can I prevent this from happening?
3 answers
- Dec 26, 2021 · 3 years agoOne way to prevent Robinhood from automatically selling your cryptocurrency options is to adjust your settings. In the Robinhood app, go to the 'Account' tab and select 'Settings.' From there, you can disable the 'Automatic Exercise' feature, which is responsible for automatically selling your options. By turning off this feature, you will have more control over when and how your options are sold.
- Dec 26, 2021 · 3 years agoIf you want to prevent Robinhood from automatically selling your cryptocurrency options, you can also consider setting up price alerts. By setting price alerts for your options, you will receive notifications when the price reaches a certain level. This way, you can manually decide whether to sell or hold your options, instead of relying on automatic selling.
- Dec 26, 2021 · 3 years agoAt BYDFi, we understand the importance of having control over your cryptocurrency options. To prevent Robinhood from automatically selling your options, you can transfer your options to our platform. With BYDFi, you have the flexibility to set your own selling parameters and make informed decisions about your options. Our user-friendly interface and advanced trading tools will empower you to take charge of your cryptocurrency options trading.
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