/biz/ - Business & Finance

>>23652555
>>23652540
Okay posting it again, tl;dr. how does selling a call contract work on RH? i.e. will it give me the same profit as buying 100 stocks and selling them right away?

super newfag here, I have had a robinhhood account but have only bought standard stocks, pic related
I want to get some actual gains, and want to buy some options but I have a question on this platform specifically
If I don't have enough money to exercise a call (after it hits breakpoint), if I choose to sell my contract before the expiration, I will essentially get the profit from pumping/dumping number of contracts X (current stock price - premium - OG stock price)? i.e. if I buy a a stock for 100, a call for 115 breakeven, then if I sell my one contract, then I get $15*100 shares for selling my one contract. Right? And this is using RH.