Robinhood Introduces Options Watchlist
Ever seen since Robinhood ruined its reputation after freezing trades, it has been trying to rebuild its reputation and has actually been adding new features to the platform. One of their big projects that they announced last fall was implementing crypto wallets to the platform so that the users can easily send or receive coins to and from external wallets. After they announced their plans about crypto wallets, the interest in using it grew fast and their development moved fast as well.
Just a couple of months ago they announced that crypto wallets project moved from alpha stage to beta. I am impressed how fast it was happening. However, since then I haven't heard anything from Robinhood about the progress of crypto wallets implementation. That still is not a really. I knew it was going to be a difficult feature to integrate into crypto trading, especially if they intended to keep zero commission trading. They did in fact reiterate that they had no intentions of charging fees for trading crypto even after implementing crypto wallets.
We are yet to see how it would look like in reality. Crypto wallets are still not here. Maybe some users are participating in beta phase. Maybe they are still working out the details, fixing bugs, testing, etc. Maybe. But going silent after big announcement of using crypto talk of WenWallets? a couple of months ago, is not reassuring. I guess we will just keep waiting. If it is indeed possible, and happens as they have explained so far, delay can be justified. It will be super disappointing if they actually fail on this. I doubt anything else they do will ever repair their reputation.
Yet, they are still working on improving the platform, adding new features. One of the latest additions that I just saw the announcement of is Options Watchlist. This is actually not bad. Options watchlist is great feature to have. It has been a while since Robinhood started offering trading options contracts, and still not having commission fees. However, keeping track of options prices wasn't as easy. One would have to go to the stock, click on trading options and look at the options chain to see the price. And keep repeating the same process to keep updated about the price of the options contracts.
Another way would be to keep the underlying stocks in the watchlist and just guess the movement of options prices based on the price movement of stocks. That wouldn't necessarily be 100% accurate of inform of the options price changes, but at least it could give the directional information. Now it is possible to add options into a watchlist and keep track of all price changes just like it would be done with stocks. Great!
It is indeed a welcome and useful feature. Unlike the announcement of crypto wallets, this announcement was announcing an already functioning feature. Options watchlist is available to be used now. I tried it, and it is super easy to use. Options can be added to a watchlist by simple double click on the preferred contract in the options chain. I understand this could have been an easier thing to do compared to crypto wallets. However, I don't understand why they couldn't wait with their crypto wallet announcements until they have a fully functioning implementation. Maybe they were too excited about it and wanted to announce as soon as possible, maybe they needed people to participate in alpha and beta stages to do more testing. Or maybe it could have just been an attempt to play the markets by rumors and somehow influence the price of their falling stock price of $HOOD.
At least they are still working on adding new features. I will take the options watchlist for now. In addition to options watchlist, they have also added price alerts to crypto, stocks, and options. Alerts aren't something new in stocks or crypto. There are many tools and platforms available to help with alerts. However, it is not so common to have alerts for options. Options watchlist with a combination of alerts makes this feature super useful. Alert threshold can be set by the users, however not to any number. Stocks and crypto only have two options 5% and 10% price change. But for options there are three choices, 20%, 50%, 100%. There are also updates like in the money, out of the money that can also be useful.
One of useful situations for options watchlist and options price change alerts can be, watching the options that we may be interested at a certain price and getting alerts when buying target price is reached. I will continue experimenting with options watchlist and its alerts and see how they actually work. If you have used these feature already, let me know how they worked for you. Do you think options watchlist and price alerts are useful? Do you know any better alternatives? Let me know in the comments.
Posted Using LeoFinance Beta
The people doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved deeply with her group and @fyrstikken . Her discord is Battleaxe#1003. I cant prove she is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing it. I was drugged in my home covertly, it ended badly. They have tried to kill me and are still trying to kill me. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Watchlist within the platform makes it super super easy to track down our favorite crypto's. You said it right, alerts are much beneficial especially when you don't have the time to dive into the platform or when you are doing something extra. I use Coinmarket cap alerts, and it does provides price change of 2% too.
Is the website is this one https://robbinhood.net/
I don't know. I use the mobile app.
Ah, I see
Talking about Robinhood, I remember when ipo came out. Price was about $30, now it's 12, a big difference. I not sure if that's due to its reputation falling or the markets going bearish. I was thinking about buying some of the stocks. Now I'm not too sure if this is the bottom. It's good that they are continuing improving the services !
Robinhood is the best choice for younger investors with full accessibility to fraction shares, I like its free commission Stock and trading option but the problem is that only supports taxable brokerage accounts and have limited investment offering
What is best, investment for long time or short period?
Maybe a combination of both.
Do we know how many cryptocurrencies Robinhood supports? I think that watchlist and alert for cryptocurrencies are needed more than stocks.
Not many. maybe 5-6.
I think they are useful but I tend to not check the prices that much. I don't really buy options that much but I do sell them from time to time to either buy stocks at a price I like or to sell covered calls. So maybe having an alert can be useful to let me know if I should change my strategy.
Posted Using LeoFinance Beta
I think it is pretty much ok when been alerted on certain price to know the next Move to take
probably won't do much good, knowing Robinhood they have a tendency to freeze transactions whenever a price doesn't suit them, we saw it with gamestop.
Well, at least they are trying stuff. I am wary of anything 'free' when it comes to anything, but especially brokers and other money biz. They are in to make money and it's gonna get your money somehow! :P
Robinhood aiming to do better after previous mishaps ain’t far fetched as it has about 21 million customers and over $102 billion in assets and and won’t stop at aiming to be easy, friendly, and approachable to its teeming customers.