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Questions tagged [robinhood]

For questions involving or relating to the use of Robinhood, the service that allows people to invest in publically traded companies and exchange-traded funds through the use of the mobile app of the same name.

3
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3answers
237 views

As a short term trader, do I personally have to keep track of every wash sale for tax purposes? [duplicate]

New to trading, trying to understand how wash sales apply to short term trades that occur in the middle of the tax year. Consider the following scenario: Day 1: Buy 100 ABC for $10 Day 2: Sell 100 ...
1
vote
1answer
172 views

Robinhood does not provide all information necessary to fill out 1099

This year I invested money in stocks for the first time. I didn't sell anything though I received $0.26 of dividends. Robinhood sent me a consolidated 1099 which contains information about the ...
3
votes
2answers
335 views

Discrepancy in P/E ratio of stocks in Robinhood app?

The current price of the Amazon stock is $1673. The latest EPS ratio was $6.04 for Q4 2018. So, the P/E ratio should be $1673/$6.04 ~ 279. But the robinhood app says the P/E ratio of Amazon is 83. ...
0
votes
1answer
155 views

“Break even” price on call options is lower than current stock price?

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 ...
1
vote
3answers
96 views

What does Robinhood's account graph represent?

I'm confused at what the Y-axis of Robinhood's account graph represents. It is not labeled. It's showing $3,000 when hovering over a date well before I ever created an account on robinhood. I would ...
10
votes
3answers
653 views

Is my cash safe with Robinhood banking?

Just today Robinhood released its own banking with 3% annual yield. The money will be SIPC insured. While I understand that SIPC wont cover my investments losing their value, however the cash in the ...
1
vote
1answer
119 views

Is Firstrade a legitimately free broker?

I'm curious about Firstrade. I know RobinHood is also fee-free, but some users claim that they make money but frontrunning, which can be costly in the long run. Curious to know if Firstrade is ...
-1
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2answers
118 views

higher premium for lower strike price on put

I'm new to options and I was on the robinhood options chain for selling VSAT puts with expiration data AUG 17 and noticed that the stock was trading at $63.79 with premiums $0.08 and $2.40 for ...
1
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1answer
1k views

Robinhood covered calls

If i buy 1 call option and then sell 1 call option. Is that classified as covered? I don't actually own the shares, i just own an option to buy them. Robinhood allows me to do this even though i dont ...
1
vote
5answers
314 views

Robin Hood app as a highschooler

I'm about to enter my senior year as a highschooler and was wondering how beneficial it would be to start investing in a app for robin hood. I could invest a thousand or so and was wondering if it ...
2
votes
3answers
634 views

What will happen if Robinhood / M1 Finance gets acquired or pivot?

I have subscribed to email newsletter from Capital Minded. In the latest newsletter, below information was presented regarding Robinhood. Robinhood is totally fine for fun money, but it's not a ...
0
votes
1answer
612 views

Can a student with F-1 visa status in USA invest using Robinhood app? If yes, how can we pay taxes including this investments?

I'm an international student in the USA on an F1 Visa. I just want to know if I can use Robinhood app on my visa status. I've found some posts on Quora that say trading is completely legal, but should ...
0
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1answer
1k views

Understanding on closing an option

I have read that there are three scenarios when it comes to closing an option: You can buy or sell to “close” the position prior to expiration. The options expire out-of-the-money and worthless, so ...
0
votes
1answer
36 views

Typical options commision price

Robinhood.com lets you trade options for free. (There is no commission when you buy/sell options). While learning about optiosn on cboe.com, most of the book (I don't have the link to the book.pdf ...
2
votes
2answers
3k views

How to use full margin (Robinhood Gold) while staying diverse

How is one able to add diversity to one's Robinhood portfolio while utilizing near 100% of Gold (margin)? I was told in my previous post, as well as reiterated by a Robinhood Rep, that when making a ...
5
votes
1answer
1k views

Robinhood Reg T Call, please explain

I receive an email from Robinhood today that I do not understand. (*value's fictional but in ratio) Our records show that there wasn't a sufficient deposit or liquidation in your account ...
2
votes
4answers
258 views

If I buy and sell a zero commission stock, would I lose any money?

If I were to use Robinhood for zero commission stock trading, does that mean that if I were to buy $100 dollars in a stock and immediately sell it I wouldn't lose any money? I'm trying to make sure I ...
2
votes
1answer
172 views

What is a stock down from when it “is down”?

So i decided to play around with stock trading a little bit. In my trading the stocks will be down when they are below this dotted line on the chart, I have no idea how this is measured or what this ...