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I couldn’t help myself.
I went back in on Robinhood (HOOD) again this week — sold another round of puts after initially selling the $68 strike. And before you think I’ve lost my mind chasing a momentum name, let me explain what I’m seeing.
One analyst is calling for a 600% surge in the next couple of years. Now, I don’t bet my account on any single forecast. But when I look at what Robinhood is doing operationally, the pieces are lining up.
Private Markets and the SpaceX Play
Here’s what caught my attention: Robinhood announced it’s adding a private investment platform.
Is that necessarily good for retail traders? I’m not convinced.
But here’s the thing — Wall Street firms sell what their customers are asking for, and right now everyone wants access to private markets, especially SpaceX.
Robinhood is leaning hard on getting a huge SpaceX stock allocation for its clients. That’s significant. I keep a Robinhood account partly because of this — I want to see if I get any allocation when that offering happens.
That said, there’s a more contrarian angle here. I wouldn’t be shocked if SpaceX never goes public and instead ends up absorbing Tesla (TSLA). With Musk, nothing is off the table…
And even if SpaceX does go public, I don’t think retail will get a great deal. By the time shares hit the open market, all the cheese will likely be priced out of it. That’s just how high-profile IPOs usually go, no matter how much hype builds beforehand.
Still, the fact that Robinhood is pushing hard to offer that access is a catalyst in itself. It’s also rolling out Polymarket integrations and other features.
The company is moving fast, adding products and chasing growth.
How I’m Playing the Volatility
HOOD has beta. It moves. And I plan to cash flow it continuously because of that volatility, as long as the overall trend stays positive.
My approach is simple: Sell cash-secured puts, collect premium and build the position at strikes I’m comfortable owning. If I get assigned, great — I’ll turn around and sell covered calls. If the puts expire worthless, I keep the premium and look for the next entry.
I’m going to play this one no matter what. The trend is intact, the product pipeline is expanding and the company is making aggressive moves to capture retail attention.
That’s the setup. High beta, strong momentum, catalysts brewing.
I’ll keep working it with puts until something changes.
Trade well,
Jack Carter
Jack Carter Trading
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