Trade of the Week: HOOD

Trade of the Week

In my 48-Hour Income service last week, we sold a cash-secured put on mobile brokerage  company, Robinhood (HOOD). 

In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.

HOOD put premiums were elevated at the time due to upcoming earnings. The share price jumped after earnings overnight, but then sold off over the next two days.

However, the share price remained above our short put strike, and we were able to collect the full premium on our puts.

Those who sold the puts made about 1.8% on the trade in just about two days.

Like Having a Wall Street Analyst in Your Inbox

If you wanted to make trades based on detailed technical analysis, you previously had two routes:

1. Hire a technical analyst to help you, or

2. Spend hours upon hours learning how to do it yourself

In other words: a significant investment of time or money.

Today, you have a third option. And it’ll save you both money and time.

Introducing Chart +100 MAX which runs all the technical analysis for you.

Now you can get the strongest trending stocks from 350,000+ markets uncovered and delivered right to you.

That's right - the 10 hottest stocks on Wall Street. Sent straight to you. Every day.

Just sign up for Chart +100 MAX, and let the system do the work for you.