Image SourceAfter registering on Robinhood I learned today that Robinhood's Risk Management tool that closes out options on its own if it considers them to be at risk. They did this to me today on a xmas tree where the stock price was right on target at the time the risk management tool kicked in. I thought this tool wouldn't kick in because according to the app I was right at the max profit for the strategy. But no Robinhood told me that their risk tool looks at each spread separately, thus closing out the one in risk and closing out of the whole strategy. In my opinion this is wrong and I should be able to take the risk on my own. In this case I think Webull is a better app for doing these kind of strategies .
Also I know I could have closed out of the option and I was going to do that just waited to long and the risk tool did it for me. Not happy with Robinhood right now and just wanted to share my experience.
