What are some strategies to stop Robinhood from selling my options on cryptocurrencies?

4 answers

• Dec 27, 2021 · 3 years ago
  One strategy you can try is to set up price alerts for your options. By setting a price alert at a level where you would like to sell your options, you can be notified when the price reaches that level. This way, you can manually sell your options before Robinhood automatically sells them.
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• Dec 27, 2021 · 3 years ago
  Another strategy is to closely monitor the price movements of the underlying cryptocurrency. If you notice a significant price drop or increase, you can proactively sell your options to avoid any automatic selling by Robinhood. Keeping a close eye on the market can help you make informed decisions about when to sell.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we offer a feature called 'Option Lock' that allows you to prevent automatic selling of your options. With Option Lock, you can set a lock period during which your options cannot be sold by the platform. This gives you more control over your options and prevents any unwanted automatic selling.
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• Dec 27, 2021 · 3 years ago
  One additional strategy is to diversify your options portfolio. By spreading your options across different cryptocurrencies and expiration dates, you reduce the risk of all your options being automatically sold at once. This way, even if Robinhood sells some of your options, you still have others that can potentially generate profits.
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