Does anyone know how to sell a call on Robinhood? I don’t see the option
1
Consultant 1
Only visible when market opens
Management Consultant 1
Do you have Options enabled on your account? You can check it under Settings -> Investing
Associate
Author
Yeah I do, I can currently see things like buy a call, buy a put, buy a put credit spread, etc. but nothing that says sell a call. I will check in the AM tomorrow when the market opens, but can you you guys confirm that you guys are seeing the same thing? Or am I missing somethjng
Engagement Manager 1
Do you already own 100 shares in the stock? If you don’t see the option, you can just sell a call option on the equities where you have 100 existing shares.
Associate
Author
I don’t own 100 shares. Maybe my question should be rephrased to just “how do I sell a call on Robinhood?” I imagine it would work the same way, but I would just have to have enough capital to purchase 100 shares if the strike price hits
Engagement Manager 1
I don’t think robinhood has cash covered calls, you need to own the equity. Unless you have a margin account
Associate
Author
I see...that helps haha the only way for me to test this theory is start owning 100 shares of something
Management Consultant 1
Yes, you can only sell covered call on Robinhood. No naked calls.
BM 1
OP, As some have said, can't be naked calls, only covered. But to try and help if you have a credit spread you are actually selling not buying. Credit for sale, debit for buy. Also if you sell a call you are obligated to sell shares at that strike, not buy. If you sell a put you are obligated to buy at the strike.
Only visible when market opens
Do you have Options enabled on your account? You can check it under Settings -> Investing
Yeah I do, I can currently see things like buy a call, buy a put, buy a put credit spread, etc. but nothing that says sell a call. I will check in the AM tomorrow when the market opens, but can you you guys confirm that you guys are seeing the same thing? Or am I missing somethjng
Do you already own 100 shares in the stock? If you don’t see the option, you can just sell a call option on the equities where you have 100 existing shares.
I don’t own 100 shares. Maybe my question should be rephrased to just “how do I sell a call on Robinhood?” I imagine it would work the same way, but I would just have to have enough capital to purchase 100 shares if the strike price hits
I don’t think robinhood has cash covered calls, you need to own the equity. Unless you have a margin account
I see...that helps haha the only way for me to test this theory is start owning 100 shares of something
Yes, you can only sell covered call on Robinhood. No naked calls.
OP, As some have said, can't be naked calls, only covered. But to try and help if you have a credit spread you are actually selling not buying. Credit for sale, debit for buy. Also if you sell a call you are obligated to sell shares at that strike, not buy. If you sell a put you are obligated to buy at the strike.