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.

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75 views

Robinhood Tax Documents

I have to file a 8949 document with my tax return and was wondering if that meant that I just had to mail my Robinhood 1099B form that they generate for me?
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1answer
1k views

What is the difference between buying stock in Shares VS Dollars?

I'm a newbie in the stock market, well in "RH" & "WB". I just received notice I can buy "some" Stock in $ dollars also, my question is: What is the difference in ...
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250 views

If I am buying a stock why don't just I buy an in the money option?

I'm a 15 year stock market investor here who is very new to option trading (two weeks). I have a full understanding of how options work (complicated needless to say) and I have realized their ...
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3answers
112 views

FDIC vs SIPC on Robinhood

I'm really confused how Robinhood insures cash. I am NOT talking about the cash management bank sweep program, where the money is insured by the banks....that is quite trivial. I'm talking about ...
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0answers
75 views

Are there any limitation on crypto day trading?

I'm trading crypto on Robinhood. My account is over $30,000 (for the last month). But today I got this weird message: Because you are marked as a pattern day trader, your account will be ...
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2answers
135 views

Is Robinhood good enough for successfully day-trading relatively large positions ($20k~30k)

After I deposited all my money in robinhood to start day trading options, I was told that robinhood execution speed might not be good enough for successful day trading. My plan was to profit off the ...
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1answer
261 views

Why is Robinhood a second rate stock broker? [closed]

I have heard that Robinhood is not the best fee free stock broker. The issues I am aware of are that you can't buy fractional shares of stocks, and you can't day trade efficiently. What other ...
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2answers
79 views

Summary of a single stock on Robinhood

Is there a way to see the total month end or up to now summary of trades for a single stock I have performed on Robinhood? To not see individual trades, but sum of all trades for a single stock. ...
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2answers
4k views

How do naked options work on Robinhood?

I just answered a few questions on Robinhood and suddenly I am able to trade options without holding any stock of the underlying security. I assume there are a lot of people that have the same ability....
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121 views

When is the last time/date I can sell an option contract?

I am long on a few put options that expire this Friday. They are currently in the money (ie the stock price is below my strike price... *knock on wood**). I am utilizing Robinhood as the brokerage ...
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1answer
189 views

Significant (75%) End of Day jump in option price

I am fairly new to option trading so am having a hard time making sense of this... I had a $10 put option for VIVO with 02/21/20 expiration. As viewed in the Robinhood app, the option jumped from $1....
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37 views

Sell the long on a debit spread to move it closer to the short?

I’ve been thinking about opening a wide bullish debit spread on SPY with a two month time to expiry. I’m currently looking at the March 20th calls and am thinking of selling the $425 call while ...
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1answer
93 views

Is a credit larger than the spread width bad in a credit spread?

I’ve been pondering this question since looking a put options for MCD today where I found two options for a credit spread that resulted in a credit $0.01 higher than the width of the spread. I was ...
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2answers
168 views

Why can’t I seem to purchase this option?

I’m using Robinhood, and I’m new to options trading. A co-worker is teaching me about options trading, and recommended I start with cheaper long term options to learn with since I’ll lose less money ...
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1answer
118 views

Does this scenario count as one day trade, or two?

I am currently investing with the Robinhood app and have been doing fairly well with day trades two to three days a week. However, I find myself in a new scenario this morning where I don't know if my ...
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1answer
108 views

Why is the bid on my put credit spread zero when each leg has a positive bid?

I am trying to setup a put credit spread on robinhood and my bid keeps showing zero. I’m not sure how or why this happens. As I am new to trading options any help would be appreciated. the stock(bb)...
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2answers
178 views

Advice for an 18 year old about Investing? [duplicate]

I'm currently 18, I already have investments in a variety of conservative mutual funds through the Stash app, however I want to get into actually investing for extra income. I currently have a steady ...
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2answers
358 views

Will I pay taxes twice if I move from eTrade to another platform?

I have vested shares at the company I work at. Somewhere around $40k worth, in an eTrade account. I've paid due taxes through share withholding, but have not sold yet because I believe in the company ...
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1answer
129 views

Ally bank zero comission vs Robinhood no comission fees?

Ally bank claims to have zero-comission transaction fees accounts for trading, Robinhood does the same. Do they both actually not charge any fees/comission? My understanding was that the free fees ...
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1answer
68 views

Size limit on option buying and selling

While using Robinhood I have found that can buy/sell a maximum of 200 call options at a time. Is this a general rule for all trading clients at other brokers such as Ameritrade, Merrill Lynch, etc.?
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2answers
2k views

Selling options below bid on Robinhood

If you sell an option for cheaper than what is someone willing to pay, does Robinhood sell it for the best price or for the price you chose to sell it? I'm trying to figure out if I can do stop loss ...
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1answer
433 views

Insider Trading as Low Level Employee as Shown in Robinhood Commercial

A recent commercial for the commission-free trading app Robinhood shows a store's stockboy noticing features about the company, such as if shelves were empty/full of product, and then trading on that ...
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2answers
1k views

Why won't my pending dividends show up in Robinhood account?

BP is supposed to pay dividends tomorrow but when in Robinhood whenever I navigate to History -> Filter -> Dividends it says: When you receive your first dividend, it will show up here. Isn't there ...
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2answers
227 views

Option trading for dummies

If I buy a $200 call option for $22 ($0.22) that expires in 3 weeks, with a current share price of $140, can I sell the option two weeks from now if the share price has reached $180? I'm asking ...
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3answers
371 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 ...
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1answer
2k 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 ...
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2answers
882 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. ...
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1answer
3k 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 ...
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3answers
846 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 ...
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3answers
925 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 ...
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1answer
220 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 ...
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2answers
486 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 ...
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1answer
5k 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 ...
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5answers
411 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 ...
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3answers
1k 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 ...
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2answers
3k 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 ...
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1answer
5k 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 ...
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1answer
45 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 ...
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2answers
6k 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 ...
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1answer
3k 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 ...
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4answers
278 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
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1answer
486 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 ...
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5answers
4k views

Why can Robinhood offer trading without commissions?

I was wondering why the startup Robinhood can offer free stock trading, while other online stock brokers charge commissions. How is it possible that this is the first initiative that offers this kind ...