$HOOD VERTICAL 250627 CALL 80.0/CALL 85.0$ I opened $HOOD VERTICAL 250627 CALL 80.0/CALL 85.0$ ,HOOD: Robinhood didn't get added into S&P 500 SPX as the index chose to not make any changes in this cycle. HOOD was heavily rumoured to be one of the counters to be added into S&P and it didn't so the market react to the news.Yet the stock was dipping only temporarily and began its march up this week. Sold these call at $80 and bought back at $85 with defined max risk at $500 per options pair. Premium collection is $70 per options pair. These contracts will expire next Fri 27th June So it's only for 7 trading days. HOOD had already rose > 200% from just its 7th Apr low and continue its bullish no mention. $80 seems to be a resistance zone on the upper band of the trendline formed since July 2023 high. Risking $500 to collect $70 translate to yield of about 14% over 7 trading days.HOOD: Robinhood didn't get added into S&P 500 SPX as the index chose to not make any changes in this cycle. HOOD was heavily rumoured to be one of the counters to be added into S&P and it didn't so the market react to the news.Yet the stock was dipping only temporarily and began its march up this week. Sold these call at $80 and bought back at $85 with defined max risk at $500 per options pair. Premium collection is $70 per options pair. These contracts will expire next Fri 27th June So it's only for 7 trading days. HOOD had already rose > 200% from just its 7th Apr low and continue its bullish no mention. $80 seems to be a resistance zone on the upper band of the trendline formed since July 2023 high. Risking $500 to collect $70 translate to yield of about 14% over 7 trading days.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
