I am using the Robinhood app and see call options with breakeven prices below the current stock price.
Is there a reason why you wouldn't just buy this option and then sell it off immediately afterward?
Here is what I saw:
Current Price = $3.24
Strike Price = $3
Break Even = $3.12
Contract Price = $0.12
Why couldn't you buy this and then sell it immediately if your breakeven price is below the current stock price? Would you make the difference in profit?