$HOOD 20251219 109.0 PUT$ The drop in Robinhood's share price two days ago and the subsequent slide yesterday were largely a reaction to the company's November 2025 Operating Data, which showed a notable slump in trading activity. Specifically, Crypto Notional Trading Volumes fell by 12% month-over-month, and Equity Notional Trading Volumes dropped a significant 37%. The report also showed a decrease in Funded Customers due to the required escheatment of low-balance accounts. This overall decline in key trading metrics raised concerns among investors about the near-term health of their retail trading business, especially as crypto has been a major growth driver. Given this significant technical pullback on fundamental news, I was able to successfully open a Cash-Secured Put (CSP) two days ago, and then capitalized on the follow-on decline yesterday by opening a second, strategically placed CSP at an even lower strike price to collect a similar attractive premium. This layered entry suggests that my technical read on the support levels is holding up well despite the news. While the immediate catalyst was poor trading volume data, I am confident in the technical entry and will be holding these contracts, anticipating that the underlying stock will stabilize and hold its price level, allowing both options to expire worthless and collecting maximum profit. | Side | Price | Realized P&L |
|---|
| Sell Open | 0.82 | +86.59% Holding |
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