RobinHood - Reddit

WTF? RH asking for collateral to sell-to-close a put contract?

– I bought a 1-contract put a few weeks ago.
– I am now in profit and am ready to close the position by selling the put.
– When I go to sell it, I see my “+1” on the option chain for the contract that I own. So far so good.
– I click the price next to the option and it says “1 Contract Available.” OK.
– I enter “Sell – 1 Contract” and my limit price.
– I get this error: “You don’t have enough buying power for the collateral needed to sell”

I understand needing collateral to OPEN a short put contract, but I already own 1 put contract and am trying to sell that one. In other words, I’m going to CLOSE the position and zero out. I’m not initiating a new position. So why is it asking for collateral?

I have tried every button and link in the app and the desktop website. There is no “Sell to Close” option anywhere that I can see.

WTF? RH asking for collateral to sell-to-close a put contract? – RobinHood – Reddit Feed

View Reddit by dengarbountyView Source

robinhood,robin hood,robinhood app,free stock trading,stock trading apps,robinhood trading,robinhood stock,robinhood stock trading,robinhood investing,robinhood free stock trading,free stock trading app,robinhood trading app,robinhood brokerage,the robin hood,robinhood options trading,robinhood day trading,robin hud,robinhood stock app,robinhood markets,commission free stock trading,robinhood stock trading app,robinhood trading platform,robin hood online,stock trading,trading apps,

robinhood account,best stock trading app,robinhood stock price,free trading app,no commission stock trading,robinhood margin account,zero commission stock trading,robinhood online trading,robinhood stock broker,robin hood robin hood,robinhood investing app,robin hood played by,freetrade,robin hood 2016,robinhood app safe,penny stocks on robinhood,commision free stock trading,fee free stock trading,robinhood options,robinhood app android,stocks to buy,robinhood shares,penny stock trading app,robin hood share trading,robinhood stock trading safe

About the author

reddit personal finance

Leave a Comment