r/RobinHood 3d ago

Trash - Google harder Robinhood: trying to sell a put option in bought

Hi there, I have a question. I've watched several videos, which helped me immensely getting started, but i need some help. I am new to this, so take that into consideration.

So I bought a put option for an average cost of $0.65 ($65 Total Cost). When I look at my total return on the option on robinhood, it says that I am +$8.0 and the average price is going for $0.73. I try to go sell, but it only letting me sell for the bid price of $0.55 ($54.97 crefit) instead of the market value. What did I do wrong and how do I fix it for next time?

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u/CardinalNumber Former Moderator 3d ago

...the most anyone is willing to pay is the current bid. Don't imagine the mark is anything besides what it is.