Comments by "" (@money2024) on "Best Option Strategy Ever - Option Trading For Beginners" video.

Are you supposed to hold this until expiration? Like, how does Robinhood react when it gets close to expiration? Will they sell out and close the contracts, and would you still get back your collateral and make a profit?
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I think it pretty much is like a lottery ticket. The only plus is that you can buy multiple at different strike prices, to almost guarantee atleast some profits. But my only concern, is what will Robinhood do at expiration, especially when you aren't EXACTLY on the strike price you chose. Will they only close out the one leg that is being affected? Then what happens, do you still make profit? Little bit confusing. I've been going over the numbers and looking at different examples for like 30 minutes and I'm understanding how the credit and collateral works in most situations. But I'm still not sure what Robinhood will do when you don't nail the price on the head.
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@mobiletiretechs Thanks, appreciate the reply 👍
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@TheBUGZNTA Thanks for the reply. Do you know if this is the same for credit spreads as well? Because I've always closed my credit spreads before expiration because the spread got tighter so I'd take out my profits, but I've always been curious what happens if I held till expiration. My example would be if I bought an OTM put credit spread, obviously I want the price to go up, but what happens if the price does go up, so I've profited, but I hold till expiration? What will Robinhood do with that credit spread? Wouldn't it be that nothing happens and you keep the original credit. Because the strike you buy would expire worthless, and the strike you sold wouldn't be affected, or atleast it you wouldn't be assigned shares. Right?
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@TheBUGZNTA Awesome. That's what I wanted to hear. I appreciate the feedback man 👍
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Great strategy 👍
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