A collar is when you use options to protect your downside. The perfect collar , you have a put option above your cost basis and a sold call that pays for it. This expires first Friday in June. Looking for HOOD to continue higher over time. BUT , a great stock to buy low, sell high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.