My First Put Trade – 217% ROI in 1 Day
Yesterday, I posted that I felt Robinhood (HOOD) would drop today, so I bought a 1-day Put. Out of all the stocks I could’ve chosen, I went with HOOD for my first-ever Put—and everything is down today, so it worked out.
With the stock at $103.25, I bought 1 HOOD 8/1/25 $104 Put. This contract gave me the right to sell 100 shares of HOOD at $104. As the stock moved down, the value of the Put increased.
I paid a $2.30 premium ($230 total), and today I sold it for $7.30 ($730 total), locking in a $500 profit. That’s a 217% return in one day.
Trade Details:
7/31/25 – Buy to Open 1 HOOD 8/1/25 $104.00 Put @ $2.30
8/1/25 – Sell to Close 1 HOOD 8/1/25 $104.00 Put @ $7.30
Profit: +$500
Feeling great about this first trade and excited to put a new tool in my toolbox!
Successful Trading,
Steve
The Options Coach