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Buy Call Robinhood. Robinhood lets people trade stocks, etfs, options and cryptocurrency completely free. A call option is one type of options contract.
Options question RobinHood from www.reddit.com
Even so, going contrarian on the belief that a dividend cut is imminent may be the right call. Every day it'll hover around $0.10 then shoot up for about 20 minutes to $1.30 then drop back to $0.05. (on the robinhood platform, this requires “legging” into the covered call by buying 100 shares of stock first, then selling the short call.
Options question RobinHood
So if your call is itm at expiration, you don't have to do anything. Buy +100 shares at $50; Robinhood provides a rich trading experience, with a wide array of assets to buy and sell. The logo of the robinhood app on your phone should change colors based.