Is it possible to sell put options on Robinhood for cryptocurrencies without owning the underlying assets?

3 answers

• HAPPY_ 405Jun 04, 2022 · 3 years ago
  Yes, it is possible to sell put options on Robinhood for cryptocurrencies without owning the underlying assets. When you sell a put option, you are essentially agreeing to buy the underlying asset at a specific price if the option is exercised. However, on Robinhood, you don't need to own the underlying asset to sell the put option. You can simply sell the option and collect the premium without actually owning the cryptocurrency.
  433

  217
• SeemaAug 01, 2024 · a year ago
  Absolutely! Robinhood allows you to sell put options for cryptocurrencies without owning the underlying assets. This can be a great strategy if you believe the price of a particular cryptocurrency will go up or if you want to generate income from the premium. Just keep in mind that if the option is exercised, you will need to buy the cryptocurrency at the strike price.
  371

  124
• Akash M.VNov 13, 2024 · 9 months ago
  Yes, you can sell put options on Robinhood for cryptocurrencies without owning the underlying assets. This feature is available on BYDFi as well. Selling put options can be a way to generate income or potentially acquire the cryptocurrency at a lower price. However, it's important to understand the risks involved and have a solid understanding of options trading before getting started.
  388

  97