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eddie_peso
Aug 17, 2022 5:04 AM

$70 Price Target on HOOD by JAN 2024  Long

Robinhood Markets, Inc.NASDAQ

Description

if Robinhood is able to be profitable in 2023- Investors will come in - Buying the Jan 2024 60 Call at ask and selling the 70 strike against it would be a $10 debit with a possible $990 max profit at expiration if I'm right. $100 risk owning 10 spreads could be worth 9.9k at expiration (Jan 2024) - 1K risk -> 99K. Anything is possible
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