What are the steps to sell covered calls on Robinhood with digital currencies?

1 answers

• Mar 01, 2022 · 3 years ago
  Absolutely! Here's a step-by-step guide to selling covered calls on Robinhood using digital currencies: 1. Open the Robinhood app and log in to your account. 2. Navigate to the 'Trade' tab and search for the digital currency you want to sell covered calls on. 3. Once you've found the currency, tap on it to access the options. 4. Choose the 'Sell to Open' option. 5. Specify the strike price and expiration date for your covered call. 6. Enter the number of covered call contracts you wish to sell. 7. Review the trade details and tap 'Confirm' to execute the transaction. That's it! You've successfully sold covered calls on Robinhood with digital currencies. Keep an eye on your investments and adjust your strategy as needed. Good luck!
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