I'll upvote on the options, but I don't endorse RH for most. They are slow to react to corporate actions and have more glitches than others.
That’s fair. I use robinhood to get odds on option trades and mostly trade on Schwab, I hate Schwab interface though but I trust them to protect my money and trades more than robinhood.
Yeah, just use a real broker like Schwab.
May share your strategy?
I sell puts a week out at the strike price where I have about 90% chance of winning(Robinhood provides the odds). Obviously you get it wrong sometimes so you have to buy the shares so I always trade on stocks that I don’t mind owning. If I buy the shares then I sell call option a week out at the strike price equal or higher than what I paid to buy shares and it usually comes back up within a month or so.
You can use the Wheel it's bit more effective.
Thanks, I’ll check it out. What’s better about wheel?
I read your post wrong. You are running the wheel already.
Sell puts, get assigned, sell calls.
How do odds work? Would I need an account?
What’s the wheel?
You need an account and request approval for trading options but don’t think you need to put any money. Not sure about wheel, I’ll have to take a look.