Last night I bought my first Put on Rivian (RIVN)
Quantity: 1 Contract (x100)
Strike Price: $60
Limit Price: $1.66
Expiration: March 4th (3/4)
The stock has gone down below my strike price and I’d like to take profits? When I go to sell the exact same put at the same limit price and number of contracts, Robinhood says I don’t have enough “buying power”. Shouldn’t I be profiting?
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