[ONT]BUY TO OPEN THE QCOM JUNE 13, 2025 150-STRIKE PUT AT MEP OF 3.90

**Conclusion (TL;DR)**
On Robinhood you can place this order in four quick screens: (1) open the QCOM option chain, (2) pick the 13-Jun-2025 expiration, (3) tap the $150 Put and choose “Buy”, (4) set a *Limit* price of **$3.90** and submit. Your maximum loss is the $390 premium per contract, while gains accelerate if QCOM drops below the $146.10 break-even at expiry (current stock ≈ $147.84).

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## Step-by-Step on the Robinhood App

| Step | What to tap / enter | Tips & what you’ll see |
|------|---------------------|------------------------|
| 1 | Search **QCOM** → tap “Trade” → “Trade Options” | If Options aren’t enabled yet, Robinhood will guide you through a brief approval flow. |
| 2 | At the top of the chain, swipe the expiration bar until you see **Jun 13 ‘25**; select it. | Weekly expirations are bright-green; confirm the date shows 6/13/2025. |
| 3 | Tap **“Puts”** (right side). Scroll to the **$150** strike. | The row will show Bid / Ask; midpoint ≈ MEP. |
| 4 | Tap the row → choose **Buy** → choose **1 Contract** (or more) → **Review**. | The order ticket now says “Buy 1 QCOM $150 Put 13 Jun 25”. |
| 5 | Above the “Swipe up” button, tap **Order Type** → select **Limit Order**. Enter **3.90**. | Mid-price moves; you can 1) start at 3.90, or 2) tap the “i” icon to see current mid and adjust ± few cents. |
| 6 | Time-in-force: Good-for-Day (GFD) is fine; use GTC if you want it to rest overnight. |
| 7 | Confirm buying-power, then **Swipe Up to Submit**. | No commission on Robinhood; the app immediately shows “Pending”. You can cancel/modify if it doesn’t fill. |

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## Trade Parameters at a Glance

| Contract Details | Value |
|------------------|-------|
| Underlying | Qualcomm (QCOM) |
| Current stock price | $147.84 |
| Option type | Long Put |
| Expiration | 13 Jun 2025 (≈ 53 weeks) |
| Strike | $150 |
| Limit (MEP) | $3.90 |
| Cost per contract | $390 (premium × 100) |
| Break-even at expiry | $150 – $3.90 = **$146.10** |
| Max loss | Premium paid ($390) |
| Max gain | Theoretical $14,610 if QCOM → $0; practically capped by underlying’s decline |

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### Practical Tips

1. **Fill strategy**:
• If the bid/ask is wide, placing the limit a few cents above the midpoint often fills faster.
• You can edit the order after placing (tap the order → Modify → change limit).

2. **Monitor Greeks** (tap the ≡ icon on the contract page):
• Delta ≈ –