Close out covered call robinhood

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Log into Your Account: Open the Robinhood app or go to the Robinhood website and log in to your account using your credentials.


Navigate to Your Portfolio: Once you're logged in, you should see an option to access your portfolio or holdings. Click on this section to view the investments you currently hold.


Locate the Covered Call Position: Find the covered call option position you want to close out in your portfolio. It should be listed along with your other holdings.


Select the Covered Call Option: Tap or click on the specific covered call option you want to close out. This action will typically take you to a detailed view of that option.


Choose "Close Position" or "Close Call": There should be an option to close or sell the covered call position. This option may be labeled as "Close Position," "Sell," or something similar.


Review and Confirm: Robinhood will typically display the details of the transaction, including any potential fees or commissions. Review this information carefully to ensure it's what you intend to do.


Confirm the Trade: If you're satisfied with the trade details, confirm the trade to close out your covered call position. Robinhood will execute the trade on your behalf.


Check Your Account: After the trade is executed, check your account to ensure that the covered call position has been closed out. You should see the position removed from your portfolio.


Please note that the specific steps and the layout of the Robinhood platform may change over time, so it's essential to follow the platform's current instructions and interface to close out your covered call positions. Additionally, keep in mind that options trading can be complex and carries risks, so it's a good practice to understand your strategy and the potential outcomes before making any trading decisions. If you're uncertain or new to options trading, consider seeking advice from a financial advisor or doing further research on options trading strategies.

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