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It's All Good At Robinhood; Call Option With 100% Gain In 2 Days.

Robinhood (HOOD) released their Q1 2023 earnings yesterday which was better than analyst projections.

The company announced revenue of $441 million in revenue which exceeded the estimate of $425 million.

The company also announced net interest income and new initiatives such as 24 hour trading which appears to have been the sweet words investors wanted to hear. The stock jumped 5% during trading today and rose above the 50 day moving average.

Earlier this week, we mentioned to our subscribers how the Options Call June 16 2023 Expiration $10 strike price looked pretty attractive at the time. We purchased contracts with a $0.28 premium ahead of earnings on May 9th. The attractive opportunity paid off for us as the premium rose to $0.65 per contract this morning which represented over 100% gain in those two days.

Of course with Options, it doesn't always work out this way. However, this time we took a look at the data and saw this opportunity was worth the risk at the premium that was presented a couple of days ago before earnings.

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