$Robinhood(HOOD)$ I am officially out of HOOD. Back in March, when geopolitical tensions in the Middle East triggered a sharp market sell-off, my deep In-The-Money (ITM) Cash Secured Put (CSP) was hit with an unexpected early assignment. I have been patiently holding the shares ever since, waiting for the ticker to find its footing.
With HOOD finally rallying back above my original strike, I used a Covered Call to systematically cash out as the contract expired ITM. To be completely honest, I have lost faith in this counter over the last few months. While the platform continues to show aggressive product velocity—evidenced by their record trading volumes in options, prediction markets, and their recent 10% workforce restructuring to lean out operations—the stock's extreme sensitivity to retail sentiment and macro volatility makes it a less compelling long-term hold for me.
Now that these funds are freed up, I am redirecting the capital toward a high-conviction, better-value play: the MSFT long position I just took assignment of. Onward to better allocations. | Side | Price | Realized P&L |
|---|
| Sell Close | 105.00 | +5.00% Closed |
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