Robinhood, the investing platform has added the ability to purchase options - commission free - to their app.
Options are a great tool. They allow investors or traders to participate in the market at a fraction of the price that it would cost the investor to purchase shares of stock. Options can also be used as insurance to protect an investors gains.
Here we provide an infographic on how to purchase a call option on the Robinhood platform. We hope this helps anyone interested in buying or selling options on Robinhood.
Remember if you believe the price of the stock is going up you can buy a call or sell a put; and if you believe the stock price is going down you can buy a put or sell a call.
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